ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended February 18, 2006, both notes in circulation and those issued declined during the week.
Notes in circulation stood at Rs801,729.875 million against earlier week’s figure of Rs807,189.472 million, a fall of Rs5,459.597 million. When compared to the corresponding week a year ago when it was Rs717,515.915 million, the current week’s figure is higher by Rs84,213.96 million.
Total notes issued also declined in the current week over preceding week’s level. At Rs801,906.286 million it was lower by Rs5,404.96 million over the figure of Rs807,311.246 million recorded a week earlier. In the corresponding week last year it amounted to Rs717,726.429 million, which shows current week’s figure to be higher by Rs84,179.857 million over last year’s corresponding figure.
Approved foreign exchange decreased in the week to Rs426,398.593 million or by Rs3,094.209 million over preceding week’s figure of Rs429,492.802 million. When compared to the corresponding week a year ago, when the figure was Rs476,887.534 million, the current week’s figure is smaller by Rs50,488.941 million.
Balances held outside Pakistan in approved foreign exchange rose in the week under review. It stood at Rs143,084.127 million over preceding week’s figure of Rs141,757.185 million, showing a rise of Rs1,326.942 million. Compared to last year’s corresponding figure of Rs132,125.072 million, the current week’s figure higher is by Rs10,959.055 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 Rs60,708.144 million, similar to preceding week’s figure. The current week’s figure is larger by Rs2,131.707 million over last year’s corresponding figure of Rs58,576.437 million.
There was an inflow of Rs4,260.317 million to the industrial sector during the week under review, a rise of Rs210.843 million against preceding week’s figure of Rs4,049.474 million. When compared to last year’s corresponding figure of Rs1,166.988 million, the current week’s figure is higher by Rs3,093.329 million.
The export sector received Rs105,270.265 million against previous week’s figure of Rs105,640.474 million, a fall of Rs370.209 million. Current week’s figure was smaller by Rs262.633 million over last year’s corresponding figure of Rs105,532.898 million.
According to the weekly statement of position of all scheduled banks for the week ended February 11, 2006, deposits and other accounts of the scheduled banks stood at Rs2,592.395 billion, having fallen by Rs7.381 billion over preceding week’s figure of Rs2,599.776 billon. Commercial banks deposits showed a fall of Rs7.375 billion over the week to Rs2,580.177 billion against preceding week’s Rs2,587.452 billion, while of specialized banks it declined by Rs0.105 million to Rs12.219 billion, over previous week’s Rs12.324 billion.
Borrowings by all scheduled banks increased during the week over preceding week’s figure. It rose to Rs327.872 billion over preceding week’s figure of Rs323.016 billion, a rise of Rs4.856 billion. This was primarily due to an increase in the borrowings by commercial banks, which rose to Rs245.278 billion against previous week’s Rs240.422 billion, or by Rs4.856 billion, while borrowings by specialised banks stood at Rs82.594 billion.
Gross advances stood at Rs2,016.588 billion in the week under review, a rise of Rs1.924 billion over preceding week’s figure of Rs2,014.664 billion. Advances by commercial banks rose to Rs1,912.010 billion against earlier week’s figure of Rs1,910.206 billion, higher by Rs1.804 billion.
Investments of all scheduled banks declined in the week by Rs2.08 billion to Rs759.877 billion against preceding week’s figure of Rs761.957 billion. Commercial banks investment level fell to Rs740.950 billion, from earlier week’s Rs741.697 billion, lower by Rs0.747 billion, while of specialized banks it stood at Rs18.927 billion against previous week’s Rs20.260 billion, a fall of Rs1.333 billion.
ACCORDING to the Statement of Affairs of the State Bank of Pakistan, for the week ended February 18, 2006, both notes in circulation and those issued declined during the week.
