The cut off yield for three month, six month and one-year maturity remained unchanged at 8.10 per cent, 8.29 per cent and 8.79 per cent respectively.
According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2- December 10, 2005, both notes in circulation and those issued increased during the week. Notes in circulation stood at Rs793,525.611 million against earlier week’s figure of Rs780,382.457 million, a rise of Rs13,143.154 million. When compared to the corresponding week a year ago when it was Rs711,920.147 million, the current week’s figure is higher by Rs81,605.464 million.
Approved foreign exchange declined in the week to Rs413,887.696 million or by Rs2,686.436 million over preceding week’s figure of Rs416,574.132 million. When compared to the corresponding week a year ago, when the figure was Rs419,028.207 million, the current week’s figure is smaller by Rs5,140.511 million.
Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs144,758.885 million over preceding week’s figure of Rs143,956.683 million, showing a rise of Rs802.202 million.
Loans and advances of scheduled banks to the three sectors – agricultural, industrial and export showed a mixed trend in the week under review. The agricultural sector received Rs61,126.897 against the preceding week’s figure of Rs61,126.896 showing a rise of Rs0.001 million. The current week’s figure is larger by Rs2,740.203 million over last year’s corresponding figure of Rs58,386.694 million.
There was an inflow of Rs2,406.395 million to the industrial sector during the week under review, a rise of Rs45.784 million against preceding week’s figure of Rs2,360.611 million.
The export sector received Rs105,420.559 million against previous week’s figure of Rs104,937.856 million, a rise of Rs482.703 million.
According to the weekly statement of position of all scheduled banks for the week ended December 10, 2005, deposits and other accounts of the scheduled banks stood at Rs2,516.813 billion, having risen by Rs20.724 billion over preceding week’s figure of Rs2,496.089 billon. Commercial banks deposits showed a rise of Rs20.452 billion over the week to Rs2,504.183 billion.
Borrowings by all scheduled banks during the week declined over preceding week’s figure. It fell to Rs295.909 billion over preceding week’s figure of Rs312.618 billion, a fall of Rs16.709 billion.
Gross advances stood at Rs1,965.761 billion in the week under review, a rise of Rs5.646 billion over preceding week’s figure of Rs1,960.115 billion. Advances by commercial banks rose to Rs1,855.980 billion against earlier week’s figure of Rs1,850.084 billion or by Rs5.896 billion.
Investments of all scheduled banks declined in the week by Rs3.338 billion to Rs696.590 billion against preceding week’s figure of Rs699.928 billion. Commercial banks investment level fell to Rs684.794 billion, from earlier week’s Rs689.126 billion or by Rs4.332 billion, while of specialized banks it stood at Rs11.796 billion against previous week’s Rs10.802 billion, a rise of Rs0.994 billion.
Cash and balances with treasury banks of all scheduled banks increased by Rs16.457 billion during the week to stand at Rs245.719 billion against earlier week’s Rs229.262 billion. The figure for commercial banks rose to Rs244.137 billion against preceding week’s figure of Rs227.626 billion, a rise of Rs16.511 billion. For specialized banks the decline was to the tune of Rs0.054 billion to Rs1.582 billion, against earlier week’s figure of Rs1.636 billion.
Total assets of scheduled banks stood at Rs3,277.969 billion, an increase of Rs8.352 billion, over preceding week’s figure of Rs3,269.617 billion.