Govt sells Rs186 billion T-bills to banks
The government raised Rs186.457 billion from the auction of treasury bills of various tenors on Feb 17, lower than its target of Rs250 billion. The central bank had received bids worth a much higher Rs467.189 billion.
Of the total, 12 month T-bills fetched the highest amount of Rs159.180 billion at a cut-off yield of 6.2419pc, followed by three-month Rs26.355 billion at 6.2144pc and six-month with Rs921.405m at 6.2239pc.
Investors had showed higher interest in 12month government papers, which received Rs303.610 billion bids followed by three-month Rs114.409 billion and six-month 49.168 billion.
According to the weekly statement of position for the week ended Feb 5, 2016, deposits and other accounts of all the scheduled banks decreased to Rs9,347.521 billion from Rs9,408.102 billion in the preceding week. Compared with last year's corresponding figure of Rs8428.142 billion, it was higher by 10.90pc.
Deposits and other accounts of all commercial banks showed slight decline to Rs9,308.263 billion from Rs9368.465 billion in the previous month. Specialised banks' deposits and other accounts stood at Rs39.259 billion, against preceding week's Rs39.637 billion.
Total assets of all scheduled banks rose 0.77pc to Rs13,442.804 billion from Rs13,339.535 billion in the preceding week. It was higher by 15.75pc when compared with Rs11,613.393 billion in the corresponding week last year. All commercial banks' assets stood at Rs13,229.307 billion, up 0.80pc over the previous week's Rs13,125.237 billion.
The combined assets of specialised banks dipped to Rs213.497 billion as Rs214.297 billion in the preceding week.
Gross advances of all scheduled banks eased 0.08pc to Rs4,836.479 billion from Rs4,840.347 billion in the preceding week. It was higher by 8.61pc when compared with Rs4452.856 billion in the same week last year.
Advances by all commercial banks fell 0.09pc to Rs4,676.925 billion from Rs4,681.091 billion in the previous week.
Advances of specialised banks stood at Rs159.554 billion against previous week's Rs159.256 billion. Borrowings by all scheduled banks increased 6.74pc in the week under review to Rs2027.356 billion from Rs1,899.358 billion in the preceding week. It was higher by 55.24pc when compared with last year's corresponding figure of Rs1,305.957 billion. Commercial banks' borrowings also rose 6.88pc to Rs1,994.683 billion against previous week's Rs1866.272 billion. The specialised banks' borrowings stood at Rs32.673 billion against preceding week's Rs33.086 billion.
Investments of all scheduled banks stood at Rs6,796.038 billion against preceding week's Rs6819.172 billion, a fall of 0.34pc. Compared to last year's corresponding figure of Rs5,534.735 billion, it was up 22.79pc.
Commercial banks investment fell to Rs6767.430 billion from Rs6,790.572 billion the previous week. Compared to last year's corresponding figure of Rs5499.318 billion, it was higher by 23.06pc. Investment by all specialised banks stood at Rs28.608 billion against preceding week's Rs28.600 billion.
Cash and balances with treasury banks of all scheduled banks increased 9.21pc to Rs820.799 billion against previous week's Rs751.596 billion. It was higher by 30.27pc when compared with last year's Rs630.070 billion. Commercial banks' cash and balances stood at Rs818.972 billion, up 9.30pc over the previous week's Rs749.290 billion. According to the weekly Statement of Affairs of the State Bank of Pakistan for the week ended Feb 5, currency notes in circulation increased to Rs3,154.010 billion over preceding week's Rs3093.165 billion, a rise of 1.96pc.