According to the Statement of Affairs of the State Bank of Pakistan, for the week ended May 4, 2002, both notes in circulation and those issued showed an increase as against a decline a week earlier.

Notes in circulation stood at Rs453,322.737 million against the earlier week figure of 450,841.489 million, showing a rise of Rs2,481.248 million. As compared to the corresponding week a year ago when it was Rs400,216.111 million, the current week’s figure is higher by Rs53,106.626 million.

Total notes issued also recorded an increase in the current week. At Rs453,527.280 million it was larger by Rs2,495.155 million over the figure of Rs451,032.125 million recorded a week earlier. In the corresponding week last year it amounted to Rs400,390.956 million, which shows current week’s figure to be higher by Rs53,136.324 million over last year’s figure.

The approved foreign exchange including the balances held outside Pakistan stood at Rs211,248.043 million, lower by Rs1,400.623 million over the preceding week’s figure of Rs212,648.666 million recorded a week earlier. As compared to the corresponding week a year ago, when the figure was Rs47,539.093 million, the current week’s figure was higher by Rs163,708.95 million.

Balance held outside Pakistan in approved foreign exchange, declined further in the week under review. It stood at Rs25,223.488 million over the preceding week’s figure of Rs25,036.843 million, showing an increase of Rs186.645 million. Compared to last year’s corresponding figure of Rs20,662.525 million, the current week’s figure is substantially higher by Rs4,560.963 million.

Loans and advances of the scheduled banks to three sectors, agricultural, industrial and exports, showed a mixed picture in the week under review. The agricultural sector received Rs53,879.505 million against preceding week’s figure of Rs53,899.441 million showing a fall of Rs19.936 million. The current week’s figure is lower by Rs177.977 million over last year’s corresponding figure of Rs54,057.482 million.

There was an inflow of Rs3,624.785 million to the industrial sector during the week under review, depicting a decline of Rs3.325 million over previous week’s Rs3,628.110 million. Compared to the last year’s corresponding figure of Rs4,392.693 million, the current week’s figure is lower by Rs769.908 million.

The export sector received Rs57,195.794 million over previous week’s figure of Rs57,432.591 million, showing a fall of Rs236.797 million. The current week’s figure was lower by Rs19,247.601 million over the last year’s corresponding figure of Rs76,443.395 million.

According to the weekly statement of position of the scheduled banks for the week ended April 27, the sum of demand and time liabilities maintained an upward trend in the week under review, as both types of deposits rose. The sum total stood at Rs1,401,969 million against the preceding week’s Rs1,396,229 million, showing a rise of Rs5,740 million. As compared to the total deposits of Rs1,227,843 million in the corresponding period last year, current week’s deposits were higher by Rs174,126 million.

During the week under review, demand deposits rose to Rs626,946 million, or by Rs4,523 million over previous week’s Rs622,423 million, and was also higher against the last year’s corresponding figure of Rs528,522 million by Rs98,424 million.

In the current week time deposits were higher over the preceding week and also against the corresponding week last year. At Rs775,023 million, it was larger by Rs1,217 million over the previous week’s Rs773,806 million, and by Rs75,702 million, over the last year’s corresponding figure of Rs699,321 million.

The scheduled banks borrowings from the State Bank of Pakistan against the promissory notes and other approved securities fell in the current week. At Rs133,287 million it was smaller by Rs238 million over preceding week’s Rs133,525 million. Compared to the last year’s corresponding figure of R.143,732 million, the current week’s figure is also lower by R.10,445 million.

The scheduled banks borrowings from banks abroad stood at Rs14,852 million in the current week, as against Rs13,554 million a week ago, showing a rise of Rs1,298 million. It was lower by Rs516 million over last year’s corresponding figure of Rs14,336 million.

The money at call and short notice in Pakistan showed a further fall the week under review. It stood at Rs39,627 million, a decline of Rs2,028 million over the preceding week’s Rs37,599 million. When compared to last year’s corresponding figure of Rs30,687 million, the current figure is higher by Rs8,940 million.

Scheduled banks advances including the bills purchased and discounted, showed a further decline in the week under review. At Rs951,860 million it was smaller by Rs2,890 million over the preceding week’s Rs954,750 million. Compared to the corresponding figure a year ago’, when advances were to the tune of Rs915,199 million, the current week’s advances are higher by Rs36,661 million.

Scheduled banks investment in central government securities, Treasury Bills and other approved securities rose in the week under review. Such investment amounted to Rs390,813 million, a rise of Rs 387 million over the previous week’s Rs330,426 million. Compared to last year’s corresponding figure of Rs289,424 million, the current week’s investment is higher by Rs101,389 million.