LAST week, the State Bank of Pakistan conducted two open market operations and pumped a cumulative Rs90bn into the banking system.

On Tuesday, the central bank injected Rs40bn at 6.07pc for a three-day contract and on Thursday Rs50bn for one-day contract at 6.08pc. It received bids of Rs72bn and Rs70bn, respectively.

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According to the weekly statement of position of all scheduled banks for the week ended Jan 29, 2016, deposits and other accounts of all scheduled banks increased 0.41pc to Rs9,408.102bn from Rs9,370bn in the preceding week.

Compared with last year’s Rs8,463.711bn, it was higher by 11.16pc.

Deposits and other accounts of all commercial banks also rose 0.42pc to Rs9,368.465bn from Rs9,329.486bn during the preceding week.

Total assets of all scheduled banks registered a rise of 1.13pc to Rs13,339.535bn from Rs13,190.620bn in the preceding week. Compared with last year’s corresponding figure of Rs11,540.703bn, it was higher by 15.58pc.

All commercial banks’ combined assets showed 1.17pc increase to Rs13,125.237bn from Rs12,972.835bn in the preceding week.

Gross advances of all scheduled banks stood at Rs4,840.347bn, an increase of 0.35pc over preceding week’s Rs4,823.350bn. Compared with last year’s corresponding figure of Rs4,461.510bn, it was higher by 8.5pc.

 

Advances by all commercial banks rose to Rs4,681.091bn against previous week’s Rs4,664.310bn, or by 0.36pc.

All scheduled banks’ combined borrowings increased 5.63pc to Rs1,899.358bn during the week from Rs1,798.153bn the previous week. Compared to last year’s corresponding figure of Rs1,207.983bn, it was higher by 57.23pc.

Borrowings by commercial banks also increased by 5.77pc to Rs1866.272bn during the week against Rs1,764.453bn the previous week.

Investments of all scheduled banks stood at Rs6,819.172bn against preceding week’s Rs6,711.136bn, a rise of 1.61pc. Compared to last year’s corresponding figure Rs5,422.406bn, it was higher by 25.76pc.

All commercial banks’ investment inched up 1.65pc to Rs6,790.572bn from Rs6,680.527bn the previous week. It was higher by 26.06pc when compared with last year’s corresponding figure of Rs5,386.860bn,

Cash and balances with treasury banks of all scheduled banks increased to Rs751.596bn against previous week’s Rs734.270bn, a rise of 2.36pc. Current week’s figure was higher by 4.14pc compared to last year’s corresponding figure of Rs721.743bn.

Cash and balances of all commercial banks stoodat Rs749.290bn, lower by 4.60pc over previous week’s Rs732.405bn.kse 100

Chart by Rehan Ahmed

According to the weekly Statement of Affairs of the State Bank of Pakistan for the week ended Jan 29, 2016, currency notes in circulation decreased to Rs3,093.165bn over preceding week’s Rs3,117.480bn, a fall of 0.78pc.

Compared to last year’s corresponding figure of Rs2483.637bn, it was higher by 24.54pc.

Approved foreign exchange rose 1.08pc to Rs973.722bn from Rs963.230bn the preceding week. Compared to last year’s corresponding figure of Rs545.093bn, it showed a robust growth of 78.63pc.

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