The government raised Rs187.21bn from the auction of Pakistan Market Treasury Bills of various tenors held last Thursday, surpassing the auction target of Rs100.00bn. However, it fell short of the offered amount of Rs388.08bn.

Of the total, six month T-bills fetched Rs100.06bn at a cut off yield of 5.93pc, followed by 12 month T-bills with Rs64.22bn at 5.96pc and three month T-bills Rs22.94bn at 5.90pc.

12 month T-Bill had attracted the highest amount Rs164.24bn, followed by six month T bill Rs142.79bn, and three month T-bill Rs81.04bn.

On Thursday last, the government injected Rs102.00bn into the banking system through an open market operation. The offered amount was Rs107.00billion.The amount was accepted at 5.77pc for a tenor of seven days.

According to the weekly statement of position of all scheduled banks for the week ended June10, 2016, deposits and other accounts of all scheduled banks increased and stood at Rs9,745.04bn, over preceding week’s figure of Rs9,684.053bn, a rise of 0.63pc. Compared with last year’s corresponding figure of Rs8,906.46bn, the current week’s figure is higher by 9.42pc.

Deposits and other accounts of all commercial banks stood at Rs9,705.88bn against preceding week’s deposits of Rs9,644. 91bn, showing a rise of 0.63pc. Deposits and other accounts of specialised banks stood at Rs39.16bn, against previous week’s figure of Rs39.14bn.

Gross advances of all scheduled banks stood at Rs5,060.96bn, a rise of 0.18pc over preceding week’s figure of Rs5,051.80billion. Compared with last year’s corresponding figure of Rs4,539.50bn, current week’s figure is higher by 11.48pc.

Advances by all commercial banks increased to Rs4,899.60bn against previous week’s Rs4,890.58bn or by 0.18pc.

Chart by Rehan Ahmed

Advances of specialised banks stood at 161.37bn against previous week’s Rs161.22bn.

Investments of all scheduled banks stood at Rs7,234.98billion, against preceding week’s figure of Rs7,117.12bn, a rise of 1.65pc. Compared to last year’s corresponding figure of Rs5,633.79bn, current week’s figure is higher by 28.42pc.

Investments by all commercial banks stood at Rs7,203.76bn, against preceding week’s figure of Rs7,086.45bn, a rise of 1.65pc. Compared to last year’s corresponding figure of Rs5,608.97bn, current week’s figure is higher by 28.43pc.

Investment by all specialised banks stood at Rs31.22bn, against preceding week’s figure of Rs30.68bn

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