The State Bank of Pakistan conducted auction of Market Treasury Bills of three months, six months and 12 months tenors.

Total bids received were of a face value of Rs221.376bn, and realised value of Rs211.160bn. Bids accepted were of a realised value of Rs148.562bn.

Three month T-bills was accepted of a realised value of Rs27.836bn, at a cut off yield of 9.3207 per cent, six month T-bills of Rs112.038bn at 9.3401 per cent and 12 month T-bills of Rs8.687bn at 9.3870 per cent.

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended November 16, 2012, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs2027.942bn against earlier week’s figure of Rs2048.060bn, a fall of Rs20.118bn. When compared to the corresponding week a year ago when it was Rs1784.258bn, the current week’s figure is higher by Rs243.684bn.

Total notes issued also decreased in the current week over preceding week’s level. At Rs2028.141bn it was smaller by Rs20.05bn over the figure of Rs2048.191bn recorded a week earlier. In the corresponding week last year it amounted to Rs1784.436bn, which shows current week’s figure to be higher by Rs243.705bn over last year’s corresponding figure.

Approved foreign exchange increased in the week to Rs239.587bn, higher by Rs26.599bn over preceding week’s figure of Rs212.988bn.

When compared to the corresponding week a year ago, when the figure was Rs419.838bn, the current week’s figure is lower by Rs180.251bn.

Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs650.516bn over preceding week’s figure of Rs688.634bn, a fall of Rs38.118bn. Compared to last year’s corresponding figure of Rs720.512bn, the current week’s figure is smaller by Rs69.996bn.

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 Rs52.158bn against preceding week’s figure of Rs52.105bn, a decline of Rs0.053bn. The current week’s figure is higher by Rs0.108bn over last year’s corresponding figure of Rs52.050bn.

The industrial sector received Rs39.597bn against preceding week’s Rs39.459bn, higher by Rs0.138bn. Current week’s figure was lower by Rs0.821bn, over last year’s comparable figure of Rs40.418bn.

Loan and advances to export sector were Rs172.545bn, higher by Rs4.246bn, over previous week’s figure of Rs168.299bn. Current week’s figure was lower by Rs5.137bn, compared to last year’s corresponding figure of Rs177.682bn.

In the week ended November 16, 2012, deposits and other accounts of all scheduled banks increased and stood at Rs6380.196bn, higher by Rs15.292bn over preceding week’s figure of Rs6364.904bn.

Compared with last year’s corresponding figure of Rs5404.091bn, the current week’s figure is larger by Rs976.105bn. During the current week, commercial banks deposits showed a rise of Rs15.259bn over the week to Rs6366.988bn, against preceding week’s Rs6351.729bn.

Specialised banks deposits stood at Rs13.208bn, against previous week’s Rs13.175bn.

According to the weekly statement of position of all scheduled banks for the week ended November 16, 2012, borrowings by all scheduled banks increased in the week. It rose to Rs918.095bn over preceding week’s figure of Rs903.653bn, or by Rs14.442bn. Compared to last year’s corresponding figure of Rs766.513bn, current week’s figure is higher by Rs151.582bn. Commercial banks borrowings increased to Rs840.687bn against previous week’s Rs826.568bn, or by Rs14.119bn. Borrowings by specialised banks stood at Rs77.408bn, against preceding weeks Rs77.085bn.

Other liabilities of all scheduled banks stood at Rs343.459bn, against preceding week’s Rs343.278bn, showing a rise of Rs0.181bn.

Compared with last year’s corresponding figure of Rs284.471bn, the current week’s figure is higher by Rs58.988bn.

Gross advances stood at Rs3771.422bn in the week under review, a rise of Rs18.894bn over preceding week’s figure of Rs3752.528bn.

Compared to last year’s corresponding figure of Rs3339.932bn, current week’s figure is higher by Rs431.49bn. In the week under review, advances by commercial banks rose to Rs3652.353bn against earlier week’s figure of Rs3633.405bn, or by Rs18.948bn. Advances of specialised banks stood at Rs119.069bn.

Investments of all scheduled banks stood at Rs3681.772bn, against preceding week’s figure of Rs3660.485bn, an increase of Rs21.287bn.

Compared to last year’s corresponding figure of Rs2955.073bn, current week’s figure is larger by Rs726.699bn. In the current week, commercial banks investment stood at Rs3655.818bn, against preceding week’s figure of Rs3636.702bn, a rise of Rs19.116bn. Specialised banks investment stood at Rs25.954bn.

Cash and balances with treasury banks of all scheduled banks decreased by Rs4.1bn during the week to stand at Rs564.204bn against earlier week’s Rs568.304bn. Current week’s figure is higher by Rs89.164bn compared to last year’s corresponding figure of Rs475.040bn.

In the current week, the figure for commercial banks stood at Rs561.673bn against preceding week’s figure of Rs565.764bn, a decline of Rs4.091bn, while of specialised banks it stood at Rs2.531bn, against preceding week’s Rs2.540bn.

Balances with other banks decreased to Rs113.453bn against Rs148.062bn in the previous week, or by Rs34.609bn. It was smaller by
Rs42.848bn against Rs156.301bn in the corresponding week last year. Balances of all commercial banks stood at Rs109.990bn, a fall of Rs33.34bn over preceding week’s figure of Rs143.330bn. Balances of specialised banks stood at Rs3.463bn.

Net assets of all scheduled banks stood at Rs879.611bn against preceding week’s figure of Rs884.740bn, showing a fall of Rs5.129bn.

Current week’s figure was higher by Rs86.362bn compared to last year’s corresponding figure of Rs793.249bn. The figure for commercial banks stood at Rs867.369bn, smaller by Rs5.316bn over preceding week’s figure of Rs872.685bn. Specialised bank’s net assets stood at Rs12.242bn, against previous week’s Rs12.054bn.