According to the Statement of Affairs of the State Bank of Pakistan, for the week ended July 2June 23, 2007, both notes in circulation and those issued decreased further in the week. Notes in circulation stood at Rs904,181.107 million against earlier week’s figure of Rs913,331.296 million, a fall of Rs9,150.189 million. When compared to the corresponding week a year ago when it was Rs795,364.131 million, the current week’s figure is higher by Rs108,816.976 million.
Total notes issued also declined in the current week over preceding week’s level. At Rs904,384.734 million it was smaller by Rs9,110.302 million over the figure of Rs913,495.036 million recorded a week earlier. In the corresponding week last year it amounted to Rs795,490.510 million, which shows current week’s figure to be higher by Rs108,894.224 million over last year’s corresponding figure.
Approved foreign exchange increased in the week to Rs686,246.245 million or by Rs28,973.021 million over preceding week’s figure of Rs657,273.224 million. When compared to the corresponding week a year ago, when the figure was Rs547,995.038 million, the current week’s figure is higher by Rs138,251.207 million.
Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs119,731.830 million over preceding week’s figure of Rs138,559.254 million, a fall of Rs18,827.424 million. Compared to last year’s corresponding figure of Rs123,578.600 million, the current week’s figure is larger by Rs3,846.77 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 Rs60,153.528 million, similar to preceding week’s figure. The current week’s figure is smaller by Rs2,040.454 million over last year’s corresponding figure of Rs62,193.982 million.
There was an inflow of Rs42,529.451 million to the industrial sector during the week under review, a rise of Rs48.745 million against preceding week’s figure of Rs42,480.706 million. When compared to last year’s corresponding figure of Rs6,971.484 million, the current week’s figure is higher by Rs35,557.967 million.
The export sector received Rs136,850.234 million against previous week’s figure of Rs136,753.757 million, a rise of Rs96.477 million. Current week’s figure was larger by Rs27,503.326 million over last year’s corresponding figure of Rs109,346.908 million.
According to the weekly statement of position of all scheduled banks for the week ended June 23, 2007, deposits and other accounts of the scheduled banks stood at Rs3,330.291 billion, higher by Rs45.753 billion over preceding week’s figure of Rs3,284.538 billion. Commercial banks deposits showed a rise of Rs45.572 billion over the week to Rs3,318.296 billion, against preceding week’s Rs3,272.724 billion. Specialised banks deposits stood at Rs11.996 billion, against preceding week’s Rs11,815 billion.
Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs417.562 billion over preceding week’s figure of Rs396.563 billion, a rise of Rs20.999 billion. This was primarily due to an increase in the borrowings by commercial banks, which rose to Rs333.040 billion against previous week’s Rs312.041 billion, or by Rs20.999 billion. Borrowings by specialized banks stood at Rs84.522 billion, similar to preceding week’s figure.
Gross advances stood at Rs2,441.294 billion in the week under review, a rise of Rs1.213 billion over preceding week’s figure of Rs2,440.081 billion. Advances by commercial banks rose to Rs2,347.039 billion against earlier week’s figure of Rs2,345.896 billion, or by Rs1.143 billion. Advances of specialized banks stood at Rs94.255 billion, smaller by Rs0.07 million over earlier week’s figure of Rs94.185.
Investments of all scheduled banks increased in the week by Rs1.11 billion to Rs1,080.843 billion against preceding week’s figure of Rs1,079.733 billion. Commercial banks investment rose to Rs1,069.593 billion, from earlier week’s Rs1,068.555 billion, larger by Rs1.038 billion. Specialised banks investment stood at Rs11.250 billion, against preceding week’s Rs11.177 billion.
Cash and balances with treasury banks of all scheduled banks increased by Rs18.784 billion during the week to stand at Rs355.098 billion against earlier week’s Rs336.314 billion. The figure for commercial banks stood at Rs352.658 billion against preceding week’s figure of Rs333.954 billion, a rise of Rs18.704 billion.
Total assets of scheduled banks stood at Rs4,465.589 billion, higher by Rs64.309 billion, over preceding week’s figure of Rs4,401.280 billion. Meanwhile, commercial banks assets stood at Rs4,349.215 billion, higher by Rs64.957 billion over previous week’s figure of Rs4,284.258 billion.