According to the Statement of Affairs of the State Bank of Pakistan, for the week ended December 13, 2008, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs1,261.140 billion against earlier week’s figure of Rs1,241.154 billion, a rise of Rs19.986 billion. When compared to the corresponding week a year ago when it was Rs1,037.506 billion, the current week’s figure is higher by Rs223.634 billion.

Total notes issued also increased in the current week over preceding week’s level. At Rs1,261.304 billion it was higher by Rs19.997 billion over the figure of Rs1,241.307 billion recorded a week earlier. In the corresponding week last year it amounted to Rs1,037.628 billion, which shows current week’s figure to be higher by Rs223.676 billion over last year’s corresponding figure.

Approved foreign exchange increased in the week to Rs247.887 billion or by Rs13.461 billion over preceding week’s figure of Rs234.426 billion. When compared to the corresponding week a year ago, when the figure was Rs678.686 billion, the current week’s figure is lower by Rs430.799 billion.

Balances held outside Pakistan in approved foreign exchange increased in the week under review. It stood at Rs277.045 billion over preceding week’s figure of Rs274.288 billion, a rise of Rs2.757 billion. Compared to last year’s corresponding figure of Rs146.960 billion, the current week’s figure is larger by Rs130.085 billion.

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 Rs57.777 billion, similar to preceding week’s figure. The current week’s figure is smaller by Rs0.078 billion over last year’s corresponding figure of Rs57.855 billion.

There was an inflow of Rs36.359 billion to the industrial sector during the week under review, a fall of Rs0.114 billion against preceding week’s figure of Rs36.473 billion. When compared to last year’s corresponding figure of Rs40.442 billion, the current week’s figure is smaller by Rs4.083 billion.

The export sector received Rs152.267 billion against previous week’s figure of Rs153.084 billion, smaller by Rs0.817 billion. Current week’s figure was larger by Rs51.999 billion over last year’s corresponding figure of Rs100.277 billion.

According to the weekly statement of position of all scheduled banks for the week ended December 20, 2008, deposits and other accounts of the scheduled banks rose in the current week and stood at Rs3,760.712 billion, lower by Rs0.58 billion over preceding week’s figure of Rs3,761.292 billion. Compared with last year’s corresponding figure of Rs3,516.563 billion, the current week’s figure is larger by Rs244.149 billion. During the current week commercial banks deposits showed a decline of Rs1.009 billion over the week to Rs3,749.294 billion, against preceding week’s Rs3,750.303 billion. Specialised banks deposits stood at Rs11.419 billion, against preceding week’s Rs10.989 billion, a rise of Rs0.43 billion.

Borrowings by all scheduled banks increased in the week. It rose to Rs432.512 billion over preceding week’s figure of Rs425.654 billion, a rise of Rs6.858 billion. Compared to last year’s corresponding figure of Rs478.675 billion, current week’s figure is smaller by Rs46.163 billion. Commercial banks borrowings rose to Rs351.338 billion against previous week’s Rs344.480 billion, or by Rs6.858 billion. Borrowings by specialised banks stood at Rs81.174 billion similar to preceding week’s figure.

Gross advances stood at Rs3,138.681 billion in the week under review, a rise of Rs19.528 billion over preceding week’s figure of Rs3,119.153 billion. Compared to last year’s corresponding figure of Rs2,633.389 billion, current week’s figure is larger by Rs505.292 billion. In the week under review, advances by commercial banks rose to Rs3,038.165 billion against earlier week’s figure of Rs3,018.848 billion, or by Rs19.317 billion. Advances of specialised banks stood at Rs100.516 billion, larger by Rs0.211 billion over earlier week’s figure of Rs100.305 billion.

Investments of all scheduled banks increased in the week by Rs23.863 billion to Rs973.603 billion against preceding week’s figure of Rs949.740 billion. Compared to last year’s corresponding figure of Rs1,229.065 billion, current week’s figure is smaller by Rs255.462 billion. In the current week, commercial banks investment increased to Rs965.004 billion, from earlier week’s Rs941.129 billion, or by Rs23.875 billion. Specialised banks investment stood at Rs8.599 billion, against preceding week’s Rs8.611 billion, lower by Rs0.012 billion.

Cash and balances with treasury banks of all scheduled banks declined by Rs16.52 billion during the week to stand at Rs341.153 billion against earlier week’s Rs357.673 billion. Current week’s figure is higher by Rs6.289 billion compared to last year’s corresponding figure of Rs334.864 billion. In the current week, the figure for commercial banks stood at Rs338.612 billion against preceding week’s figure of Rs355.109 billion, a fall of Rs16.497 billion, while of specialised banks it stood at Rs2.541 billion over previous week’s Rs2.564 billion.

Total assets of scheduled banks stood at Rs5,093.268 billion, lower by Rs1.799 billion, over preceding week’s figure of Rs5,095.067 billion. Current week’s figure was higher by Rs287.154 billion compared to last year’s corresponding figure of Rs4,806.114 billion. In the current week, commercial banks assets stood at Rs4,970.227 billion, lower by Rs2.067 billion over previous week’s figure of Rs4,972.294 billion. Specialised banks assets rose to Rs123.042 billion, or by Rs0.27 billion over previous week’s Rs122.772 billion.