According to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 16, 2006, both notes in circulation and those issued increased in the week. Notes in circulation stood at Rs880,728.504 million against earlier week’s figure of Rs878,029.317 million, a rise of Rs2,699.187 million. When compared to the corresponding week a year ago when it was Rs792,116.657 million, the current week’s figure is higher by Rs88,611.847 million.
Total notes issued also rose in the current week over preceding week’s level. At Rs880,952.163 million it was larger by Rs2,796.303 million over the figure of Rs878,155.860 million recorded a week earlier. In the corresponding week last year it amounted to Rs792,295.452 million, which shows current week’s figure to be higher by Rs88,656.711 million over last year’s corresponding figure.
Approved foreign exchange increased in the week to Rs541,014.707 million or by Rs9,217.203 million over preceding week’s figure of Rs531,797.504 million. When compared to the corresponding week a year ago, when the figure was Rs408,060.788 million, the current week’s figure is higher by Rs132,953.919 million.
Balances held outside Pakistan in approved foreign exchange fell in the week under review. It stood at Rs125,777.800 million over preceding week’s figure of Rs132,241.119 million, a fall of Rs6,463.319 million. Compared to last year’s corresponding figure of Rs148,429.609 million, the current week’s figure is larger by Rs22,651.809 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 Rs63,182.785 million, similar to preceding week’s figure. The current week’s figure is larger by Rs2,055.888 million over last year’s corresponding figure of Rs61,126.897 million.
There was an inflow of Rs27,703.626 million to the industrial sector during the week under review, a rise of Rs2,009.858 million against preceding week’s figure of Rs25,693.768 million. When compared to last year’s corresponding figure of Rs2,524.705 million, the current week’s figure is higher by Rs25,178.921 million.
The export sector received Rs126,999.727 million against previous week’s figure of Rs126,124.957 million, a rise of Rs874.77 million. Current week’s figure was larger by Rs20,936.948 million over last year’s corresponding figure of Rs106,062.779 million.
According to the weekly statement of position of all scheduled banks for the week ended December 16, 2006, deposits and other accounts of the scheduled banks stood at Rs2,941.943 billion, higher by Rs18.878 billion over preceding week’s figure of Rs2,923.065 billon. Commercial banks deposits showed an increase of Rs18.856 billion over the week to Rs2,929.929 billion, against preceding week’s Rs2,911.073 billion, while of specialized banks it rose by Rs0.023 billion to Rs12.014 billion, over previous week’s Rs11.991 billion.
Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs405.113 billion over preceding week’s figure of Rs385.195 billion, a rise of Rs19.918 billion. This was primarily due to an increase in the borrowings by commercial banks, which rose to Rs316.191 billion against previous week’s Rs296.333 billion, or by Rs19.858 billion, while borrowings by specialised banks stood at Rs88.922 billion, against preceding week’s figure of Rs88.862.
Gross advances stood at Rs2,325.682 billion in the week under review, a rise of Rs17.875 billion over preceding week’s figure of Rs2,307.807 billion. Advances by commercial banks increased to Rs2,229.807 billion against earlier week’s figure of Rs2,211.074 billion, higher by Rs18.733 billion, while of specialized banks it stood at Rs95.875 billion against preceding week’s Rs96.733 billion, showing a decline of Rs0.858 billion.
Investments of all scheduled banks increased in the week by Rs1.344 billion to Rs827.007 billion against preceding week’s figure of Rs825.663 billion. Commercial banks investment rose to Rs814.840 billion, from earlier week’s Rs813.606 billion, higher by Rs1.234 billion, while of specialized banks it stood at Rs12.167 billion against previous week’s Rs12.057 billion, larger by Rs0.11 billion.
Cash and balances with treasury banks of all scheduled banks decreased by Rs24.328 billion during the week to stand at Rs287.406 billion against earlier week’s Rs311.734 billion. The figure for commercial banks also fell to Rs285.373 billion against preceding week’s figure of Rs309.586 billion, a fall of Rs24.213 billion. For specialised banks there was a fall of Rs0.115 billion to Rs2.033 billion, against earlier week’s figure of Rs2.148 billion.
Total assets of scheduled banks stood at Rs3,943.343 billion, higher by Rs35.564 billion, over preceding week’s figure of Rs3,907.779 billion. Meanwhile, commercial banks assets stood at Rs3,825.469 billion, larger by Rs35.222 billion over previous week’s figure of Rs3,790.247 billion. Specialized banks assets rose by Rs0.342 billion to Rs117.874 billion against previous week’s Rs117.532 billion.