According to the Statement of Affairs of the State Bank of Pakistan, for the week ended April 5, 2008, both notes in circulation and those issued increased in the week. Notes in circulation stood at Rs1,052.408 billion against earlier week’s figure of Rs1,041.863 billion, a rise of Rs10.545 billion. When compared to the corresponding week a year ago when it was Rs900.616 billion, the current week’s figure is higher by Rs151.792 billion.
Total notes issued also increased in the current week over preceding week’s level. At Rs1,052.538 billion it was larger by Rs10.492 billion over the figure of Rs1,042.046 billion recorded a week earlier. In the corresponding week last year it amounted to Rs900.770 billion, which shows current week’s figure to be higher by Rs151.768 billion over last year’s corresponding figure.
Approved foreign exchange decreased in the week to Rs554.348 billion or by Rs21.31 billion over preceding week’s figure of Rs556.479 billion. When compared to the corresponding week a year ago, when the figure was Rs589.086 billion, the current week’s figure is lower by Rs34.738 billion.
Balances held outside Pakistan in approved foreign exchange decreased in the week under review. It stood at Rs146.584 billion over preceding week’s figure of Rs150.526 billion, a fall of Rs3.942 billion. Compared to last year’s corresponding figure of Rs131.771 billion, the current week’s figure is larger by Rs14.813 billion.
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 Rs49.777 billion, similar to preceding week’s figure. The current week’s figure is smaller by Rs9.706 billion over last year’s corresponding figure of Rs59.483 billion.
There was an inflow of Rs39.787 billion to the industrial sector during the week under review, a fall of Rs0.837 billion against preceding week’s figure of Rs40.624 billion. When compared to last year’s corresponding figure of Rs41.632 billion, the current week’s figure is smaller by Rs1.845 billion.
The export sector received Rs96.534 billion against previous week’s figure of Rs94.889 billion, higher by Rs1.645 billion. Current week’s figure was smaller by Rs40.262 billion over last year’s corresponding figure of Rs136.796 billion.
According to the weekly statement of position of all scheduled banks for the week ended April 5, 2008, deposits and other accounts of the scheduled banks stood at Rs3,633.685 billion, larger by Rs5.543 billion over preceding week’s figure of Rs3,628.142 billion. Commercial banks deposits showed an increase of Rs5.742 billion over the week to Rs3,620.862 billion, against preceding week’s Rs3,615.120 billion. Specialised banks deposits stood at Rs12.822 billion, against preceding week’s Rs13.022 billion, a fall of Rs0.2 billion.
Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs432.627 billion over preceding week’s figure of Rs456.102 billion, a fall of Rs23.475 billion. This was primarily due to a fall in the borrowings by commercial banks, which fell to Rs351.613 billion against previous week’s Rs375.092 billion, or by Rs23.479 billion. Borrowings by specialized banks stood at Rs81.015 billion, against preceding week’s figure of Rs81.010 billion.
Gross advances stood at Rs2,815.367 billion in the week under review, a rise of Rs2.635 billion over preceding week’s figure of Rs2,812.732 billion. Advances by commercial banks rose to Rs2,719.809 billion against earlier week’s figure of Rs2,715.222 billion, or by Rs4.587 billion. Advances of specialised banks stood at Rs95.558 billion, smaller by Rs1.952 billion over earlier week’s figure of Rs97.510 billion.
Investments of all scheduled banks decreased in the week by Rs1.259 billion to Rs1,105.769 billion against preceding week’s figure of Rs1,107.028 billion. Commercial banks investment fell to Rs1,091.937 billion, from earlier week’s Rs1,092.759 billion, or by Rs0.822 billion. Specialised banks investment stood at Rs13.832 billion, against preceding week’s Rs14.269 billion, smaller by Rs0.437 billion.
Cash and balances with treasury banks of all scheduled banks decreased by Rs15.143 billion during the week to stand at Rs351.170 billion against earlier week’s Rs366.313 billion. The figure for commercial banks stood at Rs348.437 billion against preceding week’s figure of Rs363.517 billion, a fall of Rs15.08 billion.