The government managed to raise Rs174.395bn from the auction of Treasury bills of various tenors on February 6.

Of the total, six-month T-bills fetched Rs87.646bn at a cut-off yield of 8.4681pc, followed by 12-month T-bills with Rs72.216bn at 8.3883pc and three-month T-bills with Rs14.531bn at 8.4259pc.

The central bank had received total bids worth Rs265.389bn, with 12-month T-bills attracting Rs160.573bn, followed by six-month T-bills with Rs88.126bn and three-month T-bills with Rs16.69bn.

Meanwhile, the central bank kept up with its recent trend of pumping in liquidity in the banking system last week. The SBP injected a big Rs623.1bn in an open market operation at a rate of return of 8.15pc through a seven-day contract on Friday.

According to the statement of position of all scheduled banks for the week ending January 30, deposits and other accounts of all scheduled banks rose 1.04pc to Rs8,463.711bn, against the preceding week’s figure of Rs8,376.394bn.

Deposits and other accounts of all commercial banks also increased 1.04pc to Rs8,434.344bn in the week, against the previous week’s level of Rs8,347.134bn. Deposits and other accounts of all specialised banks stood at Rs29.367bn in the week, against the previous week’s figure of Rs29.261bn.

Gross advances by scheduled banks stood at Rs4,461.51bn in the week ending January 30, recording an increase of 0.5pc over preceding week’s figure of Rs4,439.678bn. Advances by commercial banks rose to Rs4,320.404bn in the week, against the earlier week’s figure of Rs4,299.306bn, or by 0.5pc. Advances by specialised banks stood at Rs141.106bn in the week.Investments of all scheduled banks stood at Rs5,422.406bn in the week under review, against the preceding week’s figure of Rs5,305.353bn, up 2.21pc. Investments of all commercial banks stood at Rs5,386.86bn in the week, against the preceding week’s figure of Rs5,270.868bn, a rise of 2.2pc. Investments of all specialised banks stood at Rs35.546bn in the week, against the preceding week’s figure of Rs34.485bn.

Total assets of all scheduled banks stood at Rs11,540.703bn in the week under review, higher by 1.76pc over the preceding week’s figure of Rs11,341.446bn. Total assets of all commercial banks stood at Rs11,350.492bn in the week, up 1.78pc over the previous week’s Rs11,151.75bn. Total assets of all specialised banks stood at Rs190.21bn in the week, against the previous week’s figure of Rs190.233bn.

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