According to the Statement of Affairs of the State Bank of Pakistan, for the week ended February 9, 2008, both notes in circulation and those issued increased in the week.

Notes in circulation stood at Rs1,054.615 billion against earlier week’s figure of Rs1,034.923 billion, a rise of Rs19.692 billion. When compared to the corresponding week a year ago when it was Rs807.189 billion, the current week’s figure is higher by Rs247.426 billion.

Total notes issued also rose in the current week over preceding week’s level. At Rs1,054.783 billion it was larger by Rs19.694 billion over the figure of Rs1,035.089 billion recorded a week earlier. In the corresponding week last year it amounted to Rs807.311 billion, which shows current week’s figure to be higher by Rs247.472 billion over last year’s corresponding figure.

Approved foreign exchange decreased in the week to Rs650.396 billion or by Rs10.238 billion over preceding week’s figure of Rs660.634 billion. When compared to the corresponding week a year ago, when the figure was Rs429.492 billion, the current week’s figure is higher by Rs220.904 billion.

Balances held outside Pakistan in approved foreign exchange decreased in the week under review. It stood at Rs133.725 billion over preceding week’s figure of Rs135.230 billion, a fall of Rs1.505 billion. Compared to last year’s corresponding figure of Rs141.757 billion, the current week’s figure is smaller by Rs8.032 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 Rs49.777 billion, similar to preceding week’s figure. The current week’s figure is smaller by Rs10.931 billion over last year’s corresponding figure of Rs60.708 billion.

There was an inflow of Rs39.653 billion to the industrial sector during the week under review, a fall of Rs0.034 billion against preceding week’s figure of Rs39.687 billion. When compared to last year’s corresponding figure of Rs4.049 billion, the current week’s figure is higher by Rs35.604 billion.

The export sector received Rs97.461 billion against previous week’s figure of Rs97.997 billion, smaller by Rs0.536 billion. Current week’s figure was smaller by Rs8.179 billion over last year’s corresponding figure of Rs105.640 billion.

According to the weekly statement of position of all scheduled banks for the week ended February 9, 2008, deposits and other accounts of the scheduled banks stood at Rs3,580.906 billion, lower by Rs10.613 billion over preceding week’s figure of Rs3,591.519 billion. Commercial banks deposits showed a decrease of Rs10.479 billion over the week to Rs3,568.458 billion, against preceding week’s Rs3,578.937 billion. Specialised banks deposits stood at Rs12.447 billion, against preceding week’s Rs12.582 billion, a fall of Rs0.135 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs421.235 billion over preceding week’s figure of Rs426.083 billion, a fall of Rs4.848 billion. This was primarily due to a drop in the borrowings by commercial banks, which fell to Rs340.243 billion against previous week’s Rs344.976 billion, or by Rs4.733 billion. Borrowings by specialized banks stood at Rs80.992 billion, against preceding week’s figure of Rs81.107 billion.

Gross advances stood at Rs2,712.072 billion in the week under review, an increase of Rs9.21 billion over preceding week’s figure of Rs2,702.862 billion. Advances by commercial banks rose to Rs2,616.257 billion against earlier week’s figure of Rs2,607.138 billion, or by Rs9.119 billion. Advances of specialized banks stood at Rs95.815 billion, larger by Rs0.091 billion over earlier week’s figure of Rs95.724 billion.

Investments of all scheduled banks increased in the week by Rs0.084 billion to Rs1,141.508 billion against preceding week’s figure of Rs1,141.424 billion. Commercial banks investment rose to Rs1,128.424 billion, from earlier week’s Rs1,127.912 billion, or by Rs0.512 billion. Specialised banks investment stood at Rs13.083 billion, against preceding week’s Rs13.512 billion, smaller by Rs0.429 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs1.066 billion during the week to stand at Rs363.146 billion against earlier week’s Rs362.080 billion. The figure for commercial banks stood at Rs360.371 billion against preceding week’s figure of Rs359.265 billion, a rise of Rs1.106 billion, while of specialized banks it stood at Rs2.774 billion over previous week’s Rs2.815 billion.

Total assets of scheduled banks stood at Rs4,826.739 billion, smaller by Rs5.934 billion, over preceding week’s figure of Rs4,832.673 billion. Meanwhile, commercial banks assets stood at Rs4,709.115 billion, smaller by Rs5.738 billion over previous week’s figure of Rs4,714.853 billion. Specialised banks assets fell to Rs117.624 billion, or by Rs0.197 billion over previous week’s Rs117.821 billion.