According to the Statement of Affairs of the State Bank of Pakistan, for the week ended October 26, 2002, both notes in circulation and those issued maintained the rise in the week under review.

Notes in circulation stood at Rs471,740.056 million against the earlier week’s figure of Rs471,149.839 million, showing a rise of Rs590.217 million. When compared to the corresponding week a year ago when it was Rs418,675.883 million, the current week’s figure is higher by Rs53,064.173 million.

Total notes issued also recorded a rise in the current week. At Rs471,948.092 million it was larger by Rs693.929 million over the figure of Rs471,254.163 million recorded a week earlier. In the corresponding week last year it amounted to Rs418,910.704 million, which shows the current week’s figure to be higher by Rs53,037.388 million over last year’s figure. Approved foreign exchange stood at Rs345,475.719 million, larger by Rs7.027.196 million over preceding week’s figure of Rs338,448.523 million recorded a week earlier. When compared to the corresponding week a year ago, when the figure was Rs122,780.026 million, the current week’s figure was higher by Rs222,695.693 million.

Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs51,732.902 million over preceding week’s figure of Rs47,698.470 million, showing a rise of Rs4,034.432 million. Compared to last year’s corresponding figure of Rs21,152.685 million, the current week’s figure is larger by Rs30,580.217 million.

Loans and advances of scheduled banks to the three sectors - agricultural, industrial and export show a mixed picture in the week under review. The agricultural sector received Rs53,855.026 million, similar preceding week’s figure. The current week’s figure is smaller by Rs458.764 million over last year’s corresponding figure of Rs54,313.790 million.

There was an inflow of Rs3,265.843 million to the industrial sector during the week under review, depicting a decline of Rs3.264 million over previous week’s Rs3,269.107 million. When compared to last year’s corresponding figure of Rs3,953.652 million, the current week’s figure is lower by Rs687.809 million.

The export sector received Rs49,259.366 million over previous week’s figure of Rs49,172.323 million, showing a rise of Rs87.043 million. Current week’s figure was lower by Rs6,829.403 million over last year’s corresponding figure of Rs56,088.769 million.

According to the weekly Statement of Position of scheduled banks for the week ended October 26, 2002, the sum of demand and time liabilities declined in the week under review. The sum stood at Rs1,535,046 million, showing a fall of Rs10,754 million over preceding week’s figure of Rs1,545,800 million. As compared to the total deposits of Rs1,296,403 million in the corresponding period last year, the current week’s deposits were higher by Rs238,643 million.

During the week under review, demand deposits increased by Rs2,256 million to Rs671,600 million, over the previous week’s figure of Rs669,344 million, and was also higher against the last year’s corresponding figure of Rs563,524 million by Rs108,076 million.

In the week, time liabilities declined by Rs13,010 million to Rs863,446 million against preceding week’s Rs876,456 million. Compared to last year’s corresponding figure of Rs732,879 million, the current week’s figure is higher by Rs130,567 million.

Scheduled banks borrowings from the State Bank of Pakistan against promissory notes and other approved securities fell in the current week. At Rs136,593 million it was lower by Rs168 million over preceding week’s Rs136,761 million. Compared to last year’s corresponding figure of Rs126,901 million, the current week’s figure is lower by Rs9,692 million.

Scheduled banks borrowings from banks abroad stood at Rs15,104 million in the current week, as against Rs15,270 million a week ago, showing a rise of Rs166 million. It was lower by Rs206 million over last year’s corresponding figure of Rs14,898 million.

Money at call and short notice in Pakistan decreased in the week under review. It stood at Rs41,542 million, showing a fall of Rs172 million over preceding week’s Rs41,714 million. When compared to last year’s corresponding figure of Rs47,622 million, the current week’s figure was lower by Rs6,080 million.

Scheduled banks advances including bills purchased and discounted, maintained the rise in the week under review. At Rs947,926 million it was larger by Rs2,578 million over preceding week’s figure of Rs945,348 million. Compared to the corresponding figure a year ago, when advances were to the tune of Rs932,667 million, the current week’s advances are higher by Rs15,259 million.