THE State Bank of Pakistan conducted auction of Pakistan Investment Bonds of 3, 5, 10 and 20 years maturity on December 6, 2012. Bids received were of a total realised value of Rs21.574bn. No bids were received for 20-year PIBs.

Of the bids received, the State Bank accepted bids of a total realised value of Rs7.433bn. Of the total accepted bids PIB of three year tenor were of a realised value of Rs5.056bn at a cut-off yield of 10.3995 per cent, PIBs of five year tenor were Rs110.684mn at 10.9347 per cent and 10 PIBs were Rs2.266bn at 11.4206 per cent.

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended November 23, 2012, both notes in circulation and those issued decreased in the week. Notes in circulation stood at Rs2005.088bn against earlier week’s figure of Rs2027.942bn, a fall of Rs22.854bn. When compared to the corresponding week a year ago when it was Rs1755.115bn, the current week’s figure is higher by Rs249.973bn.

Total notes issued also decreased in the current week over preceding week’s level. At Rs2005.224bn it was smaller by Rs22.917bn over the figure of Rs2028.141bn recorded a week earlier. In the corresponding week last year it amounted to Rs1755.232bn, which shows current week’s figure to be higher by Rs249.992bn over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs233.746bn, lower by Rs5.841bn over preceding week’s figure of Rs239.587bn. When compared to the corresponding week a year ago, when the figure was Rs437.052bn, the current week’s figure is lower by Rs203.306bn.

Balances held outside Pakistan in approved foreign exchange declined in the week under review. It stood at Rs633.896bn over preceding week’s figure of Rs650.516bn, a fall of Rs16.62bn.

Compared to last year’s corresponding figure of Rs709.085bn, the current week’s figure is smaller by Rs75.189bn.

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 Rs52.162bn against preceding week’s figure of Rs52.158bn, a rise of Rs0.004bn. The current week’s figure is higher by Rs0.111bn over last year’s corresponding figure of Rs52.051bn.

The industrial sector received Rs39.798bn against preceding week’s Rs39.597bn, higher by Rs0.201bn. Current week’s figure was lower by Rs0.742bn, over last year’s comparable figure of Rs40.540bn.

Loan and advances to export sector were Rs177.348bn, higher by Rs4.803bn, over previous week’s figure of Rs172.545bn. Current week’s figure was lower by Rs3.044bn, compared to last year’s corresponding figure of Rs180.392bn

In the week ended November 23, 2012, deposits and other accounts of all scheduled banks increased and stood at Rs6397.674bn, higher by Rs17.478bn over preceding week’s figure of Rs6380.196bn. Compared with last year’s corresponding figure of Rs5415.583bn, the current week’s figure is larger by Rs982.091bn. During the current week, commercial banks deposits showed a rise of Rs17.605bn over the week to Rs6384.593bn, against preceding week’s Rs6366.988bn. Specialised banks deposits stood at Rs13.082bn, against previous week’s Rs13.208bn.

According to the weekly statement of position of all scheduled banks for the week ended November 23, 2012, borrowings by all scheduled banks decreased in the week. It fell to Rs912.307bn over preceding week’s figure of Rs918.095bn, or by Rs5.788bn.

Compared to last year’s corresponding figure of Rs768.251bn, current week’s figure is higher by Rs144.056bn. Commercial banks borrowings declined to Rs834.954bn against previous week’s Rs840.687bn, or by Rs5.733bn. Borrowings by specialised banks stood at Rs77.353bn, against preceding weeks Rs77.408bn.

Other liabilities of all scheduled banks stood at Rs346.903bn, against preceding week’s Rs343.459bn, showing a rise of Rs3.444bn.

Compared with last year’s corresponding figure of Rs283.655bn, the current week’s figure is higher by Rs63.248bn.

Gross advances stood at Rs3775.991bn in the week under review, a rise of Rs4.569bn over preceding week’s figure of Rs3771.422bn.

Compared to last year’s corresponding figure of Rs3356.983bn, current week’s figure is higher by Rs419.008bn. In the week under review, advances by commercial banks rose to Rs3656.975bn against earlier week’s figure of Rs3652.353bn, or by Rs4.622bn. Advances of
specialised banks stood at Rs119.016bn.

Investments of all scheduled banks stood at Rs3697.330bn, against preceding week’s figure of Rs3681.772bn, an increase of Rs15.558bn.

Compared to last year’s corresponding figure of Rs2961.869bn, current week’s figure is larger by Rs735.461bn.

In the current week, commercial banks investment stood at Rs3672.235bn, against preceding week’s figure of Rs3655.818bn, a rise of Rs16.417bn. Specialised banks investment stood at Rs25.095bn.

Cash and balances with treasury banks of all scheduled banks decreased by Rs1.847bn during the week to stand at Rs562.357bn against earlier week’s Rs564.204bn. Current week’s figure is higher by Rs83.941bn compared to last year’s corresponding figure of Rs478.416bn.

In the current week, the figure for commercial banks stood at Rs559.790bn against preceding week’s figure of Rs561.673bn, a decline of Rs1.883bn, while of specialised banks it stood at Rs2.567bn, against preceding week’s Rs2.531bn.

Balances with other banks increased to Rs127.924bn against Rs113.453bn in the previous week, or by Rs14.471bn. It was smaller by Rs20.932bn against Rs148.856bn in the corresponding week last year. Balances of all commercial banks stood at Rs124.596bn, a fall of Rs14.606bn over preceding week’s figure of Rs109.990bn. Balances of specialised banks stood at Rs3.327bn.

Total assets of scheduled banks stood at Rs8691.934bn, higher by Rs13.769bn, over preceding week’s figure of Rs8678.165bn.

Current week’s figure was higher by Rs1290.701bn compared to last year’s corresponding figure of Rs7401.233bn. In the current week,
commercial banks assets stood at Rs8541.915bn, higher by Rs13.911bn over previous week’s figure of Rs8528.004bn, while of specialised banks it stood at Rs150.019bn.

Net assets of all scheduled banks stood at Rs883.976bn against preceding week’s figure of Rs879.611bn, showing an increase of Rs4.365bn.

Current week’s figure was higher by Rs91.543bn compared to last year’s corresponding figure of Rs792.433bn. The figure for commercial
banks stood at Rs871.579bn, larger by Rs4.21bn over preceding week’s figure of Rs867.369bn. Specialised bank’s net assets stood at Rs12.397bn, against previous week’s Rs12.242bn.