Tender for sale of 3-months, 6-months and 12-months Market Treasury Bills were invited by the State Bank of Pakistan on February 20, 2013.

Total bids received were of a face value of Rs99.442bn, 3-months T-bills attracted bids worth Rs91.152bn, 6-months T-bills Rs8.050 million and 12-months T-bills Rs240 million. Of the total bids received, SBP accepted bids worth Rs90.842bn.

Of these, 3-months T-bills fetched Rs85.552bn at 9.2149 per cent, 6-months T-bills of value of Rs5.050bn at 9.337 per cent and 12-months T-bills of value of Rs240 million at weighted average yield of 9.3651 per cent.

According to the Statement of Affairs of the State Bank of Pakistan, for the week ended February 8, 2013, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs2070.87bn against earlier week’s figure of Rs2015.61bn, a rise of Rs55.25bn.

When compared to the corresponding week a year ago when it was Rs1798.98bn, the current week’s figure is higher by Rs271.88bn.

Total notes issued also increased in the current week over preceding week’s level. At Rs2070.97bn it was larger by Rs55.18bn over the figure of Rs2015.79bn recorded a week earlier.

In the corresponding week last year it amounted to Rs1799.11bn, which shows current week’s figure to be higher by Rs271.86bn over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs204.35bn, lower by Rs3.99bn over preceding week’s figure of Rs208.35bn.

When compared to the corresponding week a year ago, when the figure was Rs420.70bn, the current week’s figure is smaller by Rs216.35bn.

Balances held outside Pakistan in approved foreign exchange decreased in the week under review.

It stood at Rs644.89bn over preceding week’s figure of Rs648.97bn, a fall of Rs4.077bn.

Compared to last year’s corresponding figure of Rs693.44bn the current week’s figure is smaller by Rs48.555bn.

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 Rs52.22bn, against preceding week’s Rs52.229bn, showing a fall of Rs0.00bn. The current week’s figure is higher by Rs0.472bn over last year’s corresponding figure of Rs51.75bn.

The Industrial Sector received Rs40.60bn against preceding week’s Rs40.44bn, a rise of Rs0.15bn. Current week’s figure was lower by Rs1.29bn, over last year’s comparable figure of Rs41.90bn.

Loan and advances to export sector were Rs199.04bn, higher by Rs0.008bn, over previous week’s figure of Rs199.03bn.

Current week’s figure was higher by Rs2.33bn, compared to last year’s corresponding figure of Rs196.71bn

In the week ended February 8, 2013, deposits and other accounts of all scheduled banks increased and stood at Rs6654.14bn, lower by Rs19.25bn over preceding week’s figure of Rs6673.39bn.

Compared with last year’s corresponding figure of Rs5712.43bn, the current week’s figure is larger by Rs941.70bn.

During the current week, commercial banks deposits showed a fall of Rs19.07bn over the week to Rs6640.55bn, against preceding week’s Rs6659.62bn. Specialised banks deposits stood at Rs13.58bn, against previous week’s Rs13.76bn.

According to the weekly statement of position of all scheduled banks for the week ended February 8, 2013, borrowings by all scheduled banks increased in the week.

It rose to Rs1014.62bn over preceding week’s figure of Rs997.37bn, or by Rs17.2bn.

Compared to last year’s corresponding figure of Rs724.45bn, current week’s figure is higher by Rs290.16bn. Commercial banks borrowings rose to Rs936.37bn against previous week’s Rs919.32bn, or by Rs17.05bn.

Borrowings by specialised banks stood at Rs78.25bn, against preceding weeks Rs78.05bn.

Other liabilities of all scheduled banks stood at Rs352.87bn, against preceding week’s Rs352.13bn, showing a rise of Rs0.73bn.

Compared with last year’s corresponding figure of Rs279.24bn, the current week’s figure is higher by Rs73.62bn.

Gross advances stood at Rs3876.46bn in the week under review, an increase of Rs1.20bn over preceding week’s figure of Rs3875.26bn. Compared to last year’s corresponding figure of Rs3521.09bn, current week’s figure is higher by Rs355.37bn.

In the week under review, advances by commercial banks rose to Rs3757.71bn against earlier week’s figure of Rs3756.59bn, or by Rs1.12bn. Advances of specialised banks stood at Rs118.75bn.

Investments of all scheduled banks stood at Rs3959.11bn, against preceding week’s figure of Rs3980.60bn, a fall of Rs21.49bn.

Compared to last year’s corresponding figure of Rs3078.08bn, current week’s figure is larger by Rs881.02bn.

In the current week, commercial banks investment stood at Rs3934.72bn, against preceding week’s figure of Rs3956.63bn, a decline of Rs21.90bn. Specialised banks investment stood at Rs24.39bn.

Cash and balances with treasury banks of all scheduled banks decreased by Rs1.26bn during the week to stand at Rs559.09bn against earlier week’s Rs560.35bn.

Current week’s figure is higher by Rs85.35bn compared to last year’s corresponding figure of Rs473.73bn.

In the current week, the figure for commercial banks stood at Rs556.42bn against preceding week’s figure of Rs557.57bn, a fall of Rs1.14bn, while of specialised banks it stood at Rs2.66bn, against preceding week’s Rs2.78bn.

Balances with other banks declined to Rs154.19bn against Rs156.60bn in the previous week, or by Rs2.40bn. It was smaller by Rs7.59bn against Rs161.79bn in the corresponding week last year.

Balances of all commercial banks stood at Rs146.15bn, a fall of Rs4.12bn over preceding week’s figure of Rs150.27bn. Balances of specialised banks stood at Rs8.04bn.

Total assets of scheduled banks stood at Rs9097.98bn, smaller by Rs0.85bn, over preceding week’s figure of Rs9098.84bn.

Current week’s figure was higher by Rs1413.87bn compared to last year’s corresponding figure of Rs7684.11bn.

In the current week, commercial banks assets stood at Rs8941.07bn, smaller by Rs1.007bn over previous week’s figure of Rs8942.08bn, while of specialized banks it stood at Rs156.90bn.

Net assets of all scheduled banks stood at Rs908.54bn against preceding week’s figure of Rs904.16bn, showing a rise of Rs4.37bn.

Current week’s figure was higher by Rs85.03bn compared to last year’s corresponding figure of Rs823.50bn.

The figure for commercial banks stood at Rs893.04bn, larger by Rs4.3bn over preceding week’s figure of Rs888.74bn. Specialised bank’s net assets stood at Rs15.49bn, against previous week’s Rs15.42bn.