THE government raised just Rs131.605bn from the auction of Pakistan Investment Bonds, held last Thursday, despite having received bids of Rs361.295bn.

It generated Rs71.111bn from three-year PIBs at a cut-off yield of 6.5002pc, Rs60.330bn from five-year at 7.5484 pc and Rs163.292m from 10-year bonds at 8.8509pc.

Three-year PIBs attracted the highest amount of Rs183.018bn followed by five-year Rs141.549bn and 10-year Rs36.727bn. No bids were received for 20-year bonds.


No bids were received for 20-year government bonds


 

According to the weekly statement of position of all scheduled banks for the week ended Jan 15, 2016, gross advances of all scheduled banks stood at Rs4,830.497bn, an increase of 0.40pc over preceding week’s figure of Rs4,811.228bn. Compared with last year’s corresponding figure of Rs4,460.985bn, it was higher by 8.28pc.

Advances by all commercial banks rose to Rs4,671.621bn against previous week’s Rs4,652.296bn or by 0.42pc. Advances of specialised banks stood at R158.876bn against previous week’s Rs158.932bn.

Borrowings by all scheduled banks decreased in the week under review. It fell to Rs1915.636bn over previous week’s Rs1950.312bn or by 1.78pc. Compared to last year’s corresponding figure of Rs1334.959bn, it was higher by 43.50pc.

Borrowings by commercial banks also declined in the week to Rs1,881.135bn against previous week’s Rs1,916.085bn, lower by 1.83pc.

Borrowings by Specialised banks stood at Rs34.501bn against preceding week’s figure of Rs34.226bn.

Investments of all scheduled banks stood at Rs6738.062bn, against preceding week’s figure of Rs6746.552bn, a fall of 0.12pc. Compared to last year’s corresponding figure of Rs5219.200bn, it was higher by 29.10pc.

Investments by all commercial banks stood at Rs6709.833bn, against preceding week’s figure of Rs6718.148bn, a decline of 0.12pc. Compared to last year’s corresponding figure of Rs5184.628bn, it was higher by 29.42pc.

Deposits and other accounts of all scheduled banks decreased and stood at Rs9,371.004bn, over preceding week’s figure of Rs9,402.610bn, a fall of 0.34pc. Compared with last year’s corresponding figure of Rs8326.347bn, it was higher by 12.55pc.

Deposits and other accounts of all commercial banks stood at Rs9,329.824bn against preceding week’s deposits of Rs9,361.230bn, showing a decline of 0.34pc. Deposits and other accounts of specialised banks stood at Rs41.180bn, against previous week’s figure of Rs41.381bn.

Chart by Rehan Ahmed

Total assets of all scheduled banks stood at Rs13,313.702bn, higher by 0.49pc over preceding week’s figure of Rs13379.326bn. Current week’s figure was higher by 15.80pc compared to last year’s corresponding figure of Rs11,497.446bn.

Total assets of all commercial banks stood at Rs13,094.419bn, higher by 0.50pc over previous week’s figure of Rs13,159.924bn.

Total assets of specialised banks stood at Rs219.283bn over previous week’s Rs219.401bn.

Cash and balances with treasury banks of all scheduled banks decreased over the week and stood at Rs703.676bn against previous week’s Rs782.070bn, showing a fall of 10.02pc. Current week’s figure was higher by 1.51pc compared to last year’s corresponding figure of Rs693.185bn.

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