5.1 MONETARY ASSETS

(Million Rupees)Currency Currency Scheduled Other Money Scheduled Resident Total

Last Saturday/ Currency in tills of in Banks' Deposits Supply Banks' Foreign MonetaryLast working day Currency held by Scheduled Circulation Demand with (M1) Time Currency Assets(M2)

Issued SBP Banks (1-2-3) Deposits* SBP** (4+5+6) Deposits * Deposits (7+8+9)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

June 1992 161,433 652 8,962 151,819 147,767 3,322 302,908 159,657 43,004 505,569

,, 1993 178,933 768 11,301 166,864 156,509 4,449 327,822 206,294 61,274 595,390

,, 1994 199,070 624 13,738 184,708 168,554 5,506 358,768 252,497 92,134 703,399

,, 1995 232,589 647 16,363 215,579 202,505 5,055 423,139 296,521 105,073 824,733

,, 1996 253,908 470 19,328 234,110 207,108 6,791 448,009 344,713 145,958 938,680

,, 1997 262,589 627 17,821 244,141 192,275 7,135 443,551 386,801 222,882 1,053,234

,, 1998 293,263 1,572 18,769 272,922 200,997 6,412 480,331 447,433 278,556 1,206,320

,, 1999 308,541 1,955 18,870 287,716 349,115 6,212 643,043 516,586 120,917 1,280,546

,, 2000 376,997 1,851 19,468 355,677 375,397 7,959 739,033 549,124 112,475 1,400,632

,, 2001p 396,548 1,905 19,198 375,445 374,987 11,292 761,724 610,138 154,154 1,526,016

2000 Jul. 369,887 1,942 16,751 351,194 354,988 8,444 714,626 552,865 114,813 1,382,304Aug. 360,671 1,922 16,330 342,419 343,819 10,204 696,442 570,782 118,480 1,385,704Sep. 357,524 1,890 15,952 339,682 340,117 10,597 690,396 585,495 121,308 1,397,199

Oct. 375,713 1,866 16,139 357,707 336,346 10,147 704,200 579,193 119,066 1,402,459Nov. 401,827 1,827 13,962 386,036 405,211 10,204 801,451 503,764 121,352 1,426,567Dec. 432,540 1,855 20,216 410,468 367,177 7,772 785,417 568,594 122,664 1,476,675

2001 Jan. 406,045 1,865 17,003 387,177 353,872 7,186 748,235 577,842 128,039 1,454,116Feb. 405,931 1,885 17,147 386,899 351,834 9,993 748,726 580,089 132,425 1,461,240Mar. 406,733 1,928 18,898 385,907 347,380 8,283 741,570 587,844 137,345 1,466,759

Apr. 399,250 1,884 17,831 379,535 342,897 8,757 731,189 587,239 139,653 1,458,081May. 402,703 1,907 17,089 383,707 343,364 8,587 735,658 590,124 144,285 1,470,067

Jun. p 396,548 1,905 19,198 375,445 374,987 11,292 761,724 610,138 154,154 1,526,016

* Excluding inter-bank deposits and deposits of central & provincial governments and foreign constituents

** Excluding IMF A/c Nos. 1 & 2, SAF loan account, counterpart funds, deposits of foreign central banks, foreign governments , international organisations

and deposit money banks

Note 1. The quarter end data relate to last working day whereas monthly data relate to last Saturday of the month

2. Totals may not tally due to separate rounding off

P Provisional

29

5.2 ANALYSIS OF CAUSATIVE FACTORS FOR

1991-92 1992-93 1993-94 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 2000-01p

1. Public Sector 68,991 75,003 28,266 53,086 68,527 80,932 56,722 (74,455) 78,049 (46,866)

(i) Budgetary support 62,573 65,699 23,145 36,418 51,726 72,457 48,018 (75,194) ef 39,963e (32,957)e

(ii) Commodity operations 4,194 7,335 6,582 4,733 5,858 5,702 10,585 3,645 40,094 (12,508)

(iii) Effect of Zakat fund etc. 2,224 1,969 (1,461) (2,195) (1,057) (2,871) (3,126) (3,275) (1,823) (1,908)

(iv) Use of Privatisation proceedsby Govt. / WAPDA 14,130 12,000 10,304 1,223 0 0 0

(v) Use of Privatisation proceeds /NDRPfund for Debt retirement (4,660) (1,089) 0 0 0

(vi) Payment to HBL on account of HC&EB 287 0 0 0

(vii) Others 824 c 369 d (185) d 507 d

2. Non-Government Sector 31,419 60,573 39,866 69,537 63,429 61,879 83,413 118,845 26,227 68,687

(i) Autonomous Bodies 1,287 3,933 (850) 3,211 3,166 (242) (894) 13,049 3,126 7,414

(ii) Net Credit to Private Sector & PSCEs 30,132 56,640 40,716 66,326 60,263 62,121 84,307 105,796 23,101 61,273

(a) Private Sector 30,249 58,284 42,768 63,731 57,329 a 59,907 b 74,780 102,669 18,488 48,179(b) Public Sector Corporations other than 2 (i) (117) (1,644) (2,052) 2,595 2,934 2,214 9,527 6,779 9,862 16,434(c) PSEs Special Account-Debt Repayment with SBP (3,652) (5,249) (3,340)

3. Counter - part Funds 179 (395) 158 (76) (152) (119) 86 61 (22) 49

4. Other Items (net) (4,643) (11,346) 6,309 (28,168) 21,136 a 5,153 b 26,761 245 f 14,456 30,862

5. Domestic Credit Expansion (1 thr. 4) 95,946 123,835 74,599 94,379 152,940 147,845 166,982 44,696 118,710 52,732 (22.58%) (23.77%) (11.57%) (13.12%) (18.80%) (15.29%) (14.98%) (3.49%) (8.95%) (3.65%)

6. Foreign Assets (net) 8,979 (34,013) 33,409 26,957 (38,998) (33,288) (13,897) 29,529 1,375 72,654

7. Monetary Expansion (5+6) 104,925 89,822 108,008 121,336 113,942 114,557 153,085 74,225 120,085 125,386(26.19%) (17.77%) (18.14%) (17.25%) (13.82%) (12.20%) (14.53%) (6.15%) (9.38%) (8.95%)

p Provisional a Adjusted for Rs.5,278 million being mark-up debited to borrowers account

b Adjusted for Rs.8,207 million being mark up debited to borrowers account

c Credit extended to NHA by commercial banks

d Credit extended to NHA & CAA by commercial banks

e Adjusted for funds placed in special debt repayment account

f Adjusted for Rs. 28.5 billion on account of Adhoc Treasury Bills created to offset the govt. losses due to the unification of exchange rate

Note : Totals may not tally due to separate rounding off

30

CHANGES IN MONETARY ASSETS

(Million Rupees)2000 2001

Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun.p

1. Public Sector 14,061 7,151 2,665 (15,166) (768) (35,520) 14,047 2,360 (15,002) 8,083 14,796 (43,573)

(i) Budgetary support (net) e 33,438 7,651 (5,097) (14,203) 2,161 (33,312) 17,508 12,532 (7,639) 7,807 288 (54,091)

(ii) Commodity operations (18,931) (559) 7,936 (684) (3,022) (1,060) (3,404) (9,554) (7,841) (509) 14,556 10,564

(iii) Effect of Zakat fund etc. (437) (58) (235) (265) 93 (1,162) (43) (618) 273 667 (76) (47)

(iv) Use of Privatisation proceeds

by Govt. / WAPDA 0 0 0 0 0 0 0 0 0 0 0 0

(v) Use of Privatisation proceeds

for Debt retirement 0 0 0 0 0 0 0 0 0 0 0 0

(vi) Payment to HBL on account of

HC&EB 0 0 0 0 0 0 0 0 0 0 0 0

(viii) Others d (9) 117 61 (14) 0 14 (14) 0 205 118 28 1

2. Non-Government Sector (18,125) (3,005) 12,289 23,962 22,575 44,057 (7,210) 2,976 (711) (6,369) (16,142) 14,390

(i) Autonomous Bodies (10,057) 295 0 (2,435) 306 1,976 (3,362) (260) (694) (265) 457 21,453

(ii) Net Credit to Private Sector &

PSCEs (8,068) (3,300) 12,289 26,397 22,269 42,081 (3,848) 3,236 (17) (6,104) (16,599) (7,063)

(a) Private Sector (4,021) (4,999) 9,377 20,133 24,249 38,363 (471) 1,808 (1,575) (4,553) (16,394) (13,738)

(b) Public Sector Corporations

other than 2 (i) (1,829) 1,726 2,459 5,525 (1,340) 4,248 (2,053) 1,212 1,354 (1,718) 54 6,796

(c) PSEs Special Account – Debt

repayment with SBP (2,218) (27) 453 739 (640) (530) (1,324) 216 204 167 (259) (121)

3. Counter-part Funds 0 (4) (14) 110 (5) (7) (1) (3) (9) (5) (6) (7)

4. Other Items (net) (735) (4,335) 5,321 (8,778) (336) 34,607 (26,093) (3,762) (2,030) (2,557) 1,963 37,597

5. Domestic Credit Expansion (+) /

Contraction (-) (1 thr. 4) (4,799) (193) 20,261 128 21,466 43,137 (19,257) 1,571 (17,752) (848) 611 8,407

6. Foreign Assets (net) (13,529) 3,592 (8,765) 5,131 2,642 6,971 (3,301) 5,553 23,271 (7,829) 11,374 47,544

7. Monetary Expansion (+) /

Contraction (-) (5+6) (18,328) 3,399 11,496 5,259 24,108 50,108 (22,558) 7,124 5,519 (8,678) 11,986 55,951

31

5.3 LIABILITIES AND ASSETS OF THE

ISSUE

L I A B I L I T I E S A S S E T S

Gold and Foreign Assets

Last Thursday / Notes held in Total Gold Coins Approved India

Saturday/ the Banking Notes in Liabilities / and Bullion Foreign Notes

Last working day Department Circulation Assets (i) Exchange (ii) Total

June, 1992 150.3 158,505.1 158,655.4 17,153.3 11,949.0 418.6 29,520.8

,, 1993 423.5 175,296.0 175,719.5 20,499.4 3,619.7 373.1 24,492.2

,, 1994 169.3 195,860.1 196,029.4 23,897.4 54,147.3 421.3 78,466.0

,, 1995 233.2 229,080.0 229,313.2 24,260.1 70,008.9 425.6 94,694.6

,, 1996 164.7 250,455.6 250,620.3 27,116.6 32,381.5 431.0 59,929.1

,, 1997 219.3 259,144.7 259,363.9 27,515.9 21,332.6 487.1 49,335.6

,, 1998 153.4 289,844.4 289,997.8 27,833.5 18,718.6 468.2 47,020.4

,, 1999 120.0 305,206.4 305,326.4 27,614.7 75,279.2 511.9 103,405.9

,, 2000 99.7 373,639.0 373,738.7 31,002.0 60,152.3 498.6 91,652.9

,, 2001 177.6 392,936.5 393,114.1 35,617.7 111,027.2 580.7 147,225.5

2000 Jul. 199.7 366,429.7 366,629.4 31,002.0 45,609.0 498.6 77,109.7

Aug. 196.8 357,216.1 357,412.9 31,002.0 50,756.7 498.6 82,257.4

Sep. 146.5 354,085.2 354,231.7 31,002.0 49,693.1 498.6 81,193.8

Oct. 133.3 372,286.3 372,419.6 31,002.0 48,655.8 498.6 80,156.4

Nov. 99.3 398,415.3 398,514.6 31,002.0 45,471.0 498.6 76,971.6

Dec. 127.8 429,087.4 429,215.2 31,002.0 57,567.0 498.6 89,067.7

2001 Jan. 146.8 402,558.7 402,705.5 31,002.0 45,625.6 498.6 77,126.2

Feb. 181.4 402,410.5 402,591.9 31,002.0 45,451.1 498.6 76,951.7

Mar. 229.8 403,155.6 403,385.5 31,002.0 62,033.4 498.6 93,534.1

Apr. 178.0 395,715.6 395,893.6 31,002.0 52,641.3 498.6 84,142.0

May 181.6 399,131.3 399,312.9 31,002.0 63,760.2 498.6 95,260.9

Jun. 177.6 392,936.5 393,114.1 35,617.7 111,027.2 580.7 147,225.5

(i) Gold is valued at the end of financial year on the basis of closing London Bullion Market Rate.

(ii) Receivable from Reserve Bank of India.

32

STATE BANK OF PAKISTAN

DEPARTMENT(Million Rupees)

A S S E T S

Domestic Assets With Reserve Bank of India pending transfer to Pakistan

Govt. of Internal Bills of Gold Coins Govt. of Last Thursday /

Rupee Pakistan Exchange & Other and Sterling India Rupee Saturday /

Coins/Notes Securities Commercial Papers Total Bullion Securities Securities Coin Total Last working day

501.7 113,093.9 15,078.5 128,674.1 289.8 157.8 9.8 2.9 460.4 June, 1992

344.1 135,319.2 15,078.5 150,741.8 342.4 131.7 8.8 2.6 485.5 ,, 1993

454.0 101,463.1 15,078.5 116,995.6 399.1 155.8 9.9 3.0 567.8 ,, 1994

413.4 118,547.3 15,078.5 134,039.2 403.1 163.4 10.0 3.0 579.5 ,, 1995

305.5 174,664.0 15,078.5 190,048.0 450.3 179.7 10.1 3.0 643.2 ,, 1996

407.8 193,850.0 15,078.5 209,336.3 454.6 222.6 11.4 3.4 692.0 ,, 1997

1,417.5 225,757.1 15,078.5 242,253.1 457.7 252.3 11.0 3.3 724.3 ,, 1998

1,835.5 184,270.0 15,078.5 201,184.0 452.3 268.7 12.0 3.6 736.6 ,, 1999

1,751.2 264,472.6 15,078.5 281,302.4 506.1 262.0 11.7 3.5 783.3 ,, 2000

1,726.7 243,187.2 78.5 244,992.4 581.5 297.1 13.6 4.0 896.2 ,, 2001

1,742.0 271,915.9 15,078.5 288,736.4 506.1 262.0 11.7 3.5 783.3 Jul. 2000

1,725.5 257,568.2 15,078.5 274,372.2 506.1 262.0 11.7 3.5 783.3 Aug.

1,744.2 255,431.8 15,078.5 272,254.6 506.1 262.0 11.7 3.5 783.3 Sep.

1,732.2 274,669.1 15,078.5 291,479.8 506.1 262.0 11.7 3.5 783.3 Oct.

1,727.2 303,954.0 15,078.5 320,759.7 506.1 262.0 11.7 3.5 783.3 Nov.

1,727.8 322,557.9 15,078.5 339,364.2 506.1 262.0 11.7 3.5 783.3 Dec.

1,718.0 307,999.4 15,078.5 324,495.9 506.1 262.0 11.7 3.5 783.3 Jan. 2001

1,704.5 308,073.8 15,078.5 324,856.8 506.1 262.0 11.7 3.5 783.3 Feb.

1,698.0 292,291.5 15,078.5 309,068.1 506.1 262.0 11.7 3.5 783.3 Mar.

1,706.2 294,183.6 15,078.5 310,968.3 506.1 262.0 11.7 3.5 783.3 Apr.

1,725.4 286,464.7 15,078.5 303,268.7 506.1 262.0 11.7 3.5 783.3 May

1,726.7 243,187.2 78.5 244,992.4 581.5 297.1 13.6 4.0 896.2 Jun.

33

5.4 LIABILITIES AND ASSETS OF THE

BANKING

L I A B I L I T I E S

D E P O S I T S

Alloca-

Indus- Loans tion of

Last Thursday / Rural trial Export Gua- Housing Special

Saturday / Capital Reserve Credit Credit Credit rantee Credit Federal Provincial Drawing

Last Working day

Paid-up Fund Fund Fund Fund Fund Fund Govt. Govts. Banks Other Total Rights

June, 1992 100.0 2,500.0 1,900.0 1,000.0 850.0 300.0 700.0 27,150.6 4,635.2 43,773.1 33,315.7 108,874.7 6,129.0

,, 1993 100.0 2,500.0 1,900.0 1,000.0 850.0 300.0 700.0 23,270.9 3,036.9 41,243.2 45,038.1 112,589.1 6,457.3

,, 1994 100.0 2,500.0 1,900.0 1,000.0 850.0 300.0 700.0 30,920.6 4,182.7 54,404.0 54,315.5 143,822.8 7,555.4

,, 1995 100.0 3,650.0 2,500.0 1,500.0 1,350.0 500.0 700.0 29,362.7 7,134.7 68,991.8 43,374.6 148,863.8 8,290.2

,, 1996 100.0 4,000.0 2,600.0 1,600.0 1,500.0 500.0 700.0 26,732.6 2,444.9 49,851.6 52,309.9 131,339.0 8,618.6

,, 1997 100.0 4,000.0 2,600.0 1,600.0 1,500.0 500.0 700.0 29,911.7 8,591.2 77,949.3 51,366.9 167,819.1 9,571.2

,, 1998 100.0 4,000.0 2,600.0 1,600.0 1,500.0 500.0 700.0 9,184.7 1,136.7 71,374.9 89,072.9 170,769.2 10,464.0

,, 1999 100.0 9,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 4,587.8 9,001.9 85,184.9 213,851.4 312,626.0 11,718.1

,, 2000 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 4,325.4 20,481.8 114,702.8 299,184.4 438,694.4 11,773.4

,, 2001 100.0 8,400.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 7,031.4 18,318.6 127,265.6 473,263.1 625,878.7 1,526.0

2000 Jul. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 3,706.3 3,681.6 96,219.8 304,812.1 408,419.8 11,589.1

Aug. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 3,936.0 6,779.1 100,447.6 315,266.2 426,428.9 11,815.4

Sep. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 3,521.4 10,824.5 102,505.5 325,997.2 442,848.8 11,426.6

Oct. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 5,371.9 5,684.5 122,909.7 327,751.3 461,717.4 12,361.2

Nov. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 5,569.1 7,507.9 123,056.8 331,128.8 467,262.6 12,186.2

Dec. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 6,068.6 13,657.1 20,385.5 334,613.8 374,725.0 12,852.3

2001 Jan. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 6,927.8 10,905.5 98,948.2 335,819.4 452,600.9 13,040.4

Feb. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 12,376.4 8,150.1 108,033.7 341,712.6 470,272.8 13,160.5

Mar. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 3,998.8 13,106.4 74,521.2 346,568.4 438,194.8 13,056.5

Apr. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 5,639.2 10,688.5 112,591.2 347,174.2 476,093.1 13,246.9

May 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 5,918.8 9,281.5 114,552.4 352,120.3 481,872.9 13,151.0

Jun. 100.0 14,000.0 2,600.0 1,600.0 1,500.0 900.0 4,700.0 7,031.4 18,318.6 127,265.6 473,263.1 625,878.7 1,526.0

34

STATE BANK OF PAKISTAN

DEPARTEMENT(Million Rupees)

L I A B I L I T I E S A S S E T S

BILLS PURCHASED AND DISCOUNTED

I n t e r n a l

Total Notes

Re- Other Liabili- and Agri- Indust- Govt. Last Thursday /

Bills valuation Liabi- ties/ Coins cultural rial Export Housing Treasury

Saturday /

Payable Account lities Assets # Sector Sector Sector Sector Other Total Bills Last Working day

46.8 15,339.0 16,691.6 154,431.0 150.5 - - 3.6 - 33.4 37.0 1,857.7

June, 1992

375.1 18,515.9 24,713.9 170,151.1 423.8 - - 3.6 - 33.4 37.0 4,090.2 ,, 1993

81.9 21,970.6 24,742.6 205,673.3 169.6 250.0 - 3.6 - 33.4 287.0 2,390.8 ,, 1994

103.7 22,212.8 39,765.8 229,536.3 233.5 3,66.0 - 3.6 - 33.4 3,697.0 2,695.7 ,, 1995

127.9 25,101.6 69,328.6 245,515.7 165.2 - - 3.6 - 33.4 37.0 3,030.3 ,, 1996

355.2 25,363.9 57,459.0 271,568.3 219.5 - - 3.6 - 33.4 37.0 3,431.7 ,, 1997

113.8 25,560.6 36,762.7 254,670.3 153.7 - - 3.6 - 33.4 37.0 3,431.7 ,, 1998

251.5 25,225.6 89,213.8 459,435.0 120.1 - - 3.6 - 33.4 37.0 3,241.9 ,, 1999

412.5 28,570.3 87,864.8 592,715.4 99.6 - - 3.6 - 33.4 37.0 16,921.9

,, 2000

434.2 33,261.2 91,409.5 772,309.7 177.6 - - 3.6 - 33.4 37.0 3,241.9 ,, 2001

110.0 28,570.3 78,656.2 552,745.4 199.8 - - 3.6 - 33.4 37.0 3,241.9 Jul. 2000

58.9 28,570.3 84,860.2 576,836.6 196.9 - - 3.6 - 33.4 37.0 3,241.9 Aug.

38.7 28,570.3 95,675.9 603,960.3 146.5 - - 3.6 - 33.4 37.0 3,241.9 Sep.

102.6 28,570.3 95,182.9 623,334.4 133.6 - - 3.6 - 33.4 37.0 8,906.9 Oct.

350.3 28,570.3 96,267.2 630,036.5 99.6 - - 3.6 - 33.4 37.0 6,201.9 Nov.

153.7 28,570.3 89,961.6 531,662.9 127.8 - - 3.6 - 33.4 37.0 9,246.9 Dec.

103.6 28,570.3 103,826.5 623,541.6 146.9 - - 3.6 - 33.4 37.0 3,241.9 Jan. 2001

48.0 28,570.3 104,337.5 641,789.0 181.5 - - 3.6 - 33.4 37.0 3,241.9 Feb.

364.9 28,570.3 122,685.3 628,271.7 229.8 - - 3.6 - 33.4 37.0 3,241.9 Mar.

565.9 28,570.3 96,639.8 640,515.9 178.0 - - 3.6 - 33.4 37.0 3,241.9 Apr.

334.1 28,570.3 92,323.6 641,651.9 181.6 - - 3.6 - 33.4 37.0 3,241.9 May

434.2 33,261.2 91,409.5 772,309.7 177.6 - - 3.6 - 33.4 37.0 3,241.9 Jun.

# Includes one rupee coins, one rupee notes and subsidiary coins. (Contd.)

35

5.4 LIABILITIES AND ASSETS OF THE

BANKING

A S S E T S

LOANS AND ADVANCES TO SCHEDULED BANKS

Balances S.D.R. Loans

Last Thursday / held held Govt. and Agri-

Saturday / outside with Debtor Advances cultural Industrial Export Housing Total

Last working day Pakistan I.M.F. Balance to Govts. Sector Sector Sector Sector Others (a)

June, 1992 13,909.8 82.9 5,131.7 396.2 29,594.4 8,252.5 20,380.9 0.7 460.2 58,688.6

,, 1993 8,835.3 133.2 10,507.5 396.2 34,104.5 9,353.1 22,715.5 0.7 463.9 66,637.7

,, 1994 15,933.9 48.8 3,725.9 326.7 35,528.9 9,580.6 25,364.2 0.7 2,111.7 72,586.1

,, 1995 15,245.9 130.7 2,852.0 300.0 40,141.0 9,205.6 27,809.8 0.7 4,471.4 81,627.8

,, 1996 39,547.5 55.0 7,464.4 300.0 43,000.0 9,054.9 83.9 - 4,475.1 56,614.8

,, 1997 24,679.7 35.7 7,680.1 300.0 44,852.4 8,476.9 22,412.0 - 4,678.9 80,420.2

,, 1998 23,893.7 114.7 5,930.4 300.0 47,383.1 7,633.6 53,944.0 - 9,594.6 118,555.4

,, 1999 14,015.7 35.6 7,623.7 300.0 49,383.3 6,728.5 81,345.9 - 9,785.6 147,243.3

,, 2000 10,537.4 23.8 24,538.5 - 50,327.2 5,307.1 75,453.6 66.9 22,070.3 153,225.1

,, 2001 21,934.2 281.4 982.4 - 54,607.1 4,242.4 75,472.2 66.9 15,674.5 150,063.0

2000 Jul. 11,437.5 811.1 18,574.0 - 49,672.9 5,203.8 75,831.3 66.9 18,070.3 148,845.2

Aug. 14,591.2 51.5 15,905.0 - 48,929.4 5,043.5 70,272.9 66.9 18,070.3 142,383.0

Sep. 10,253.4 51.1 6,041.3 - 49,057.5 4,960.1 74,444.4 66.9 18,482.5 147,011.4

Oct. 11,916.4 927.9 7,341.2 - 53,861.8 4,879.2 77,247.9 66.9 27,555.7 163,611.5

Nov. 19,585.1 95.0 5,594.4 - 53,919.3 4,843.9 78,323.7 66.9 26,502.4 163,656.2

Dec. 24,870.1 825.3 2,508.4 - 55,297.8 4,709.0 79,201.1 66.9 16,193.5 155,468.3

2001 Jan. 19,873.4 1,067.5 2,053.0 - 54,851.0 4,584.3 77,716.9 66.9 16,193.5 153,412.6

Feb. 17,385.9 158.5 2,405.9 - 54,064.3 4,555.2 77,859.0 66.9 15,393.5 151,938.8

Mar. 16,852.3 8,198.7 1,018.2 - 55,055.0 4,483.4 79,470.6 66.9 15,692.6 154,768.6

Apr. 15,298.2 1,072.7 3,219.5 - 54,057.5 4,397.2 79,722.6 66.9 15,692.6 153,936.8

May 17,316.9 220.0 5,330.5 - 54,537.0 4,359.2 75,820.9 66.9 15,692.6 150,476.6

Jun. 21,934.2 281.4 982.4 - 54,607.1 4,242.4 75,472.2 66.9 15,674.5 150,063.0

36

STATE BANK OF PAKISTAN (Concld.)

DEPARTMENT

(Million Rupees)

A S S E T S

LOANS AND ADVANCES TO NON-

BANK FINANCIAL INSTITUTIONS I N V E S T M E N T S

Other Non-

Loans Bank

Indus- and Ad- Schedu- Finan- Govt. Last Thursday /

trial Housing Total vances led cial Ins- Securi- Other Saturday /

Sector Sector Others (b) (a+b) Banks titutions ties Others Total Assets Last working day

5,618.3 5,996.3 1,592.6 13,207.2 71,895.8 8,214.6 1,912.3 43,748.4 - 53,873.5 7,076.2 June, 1992

6,027.4 6,296.3 4,073.0 16,396.7 83,034.4 8,721.4 1,998.6 44,025.2 - 54,745.2 7,948.3 ,, 1993

6,651.6 6,496.3 5,883.5 19,031.4 91,617.5 8,653.3 2,151.1 69,783.2 - 80,587.6 10,585.4 ,, 1994

6,481.3 6,496.3 10,084.1 23,061.7 104,689.5 9,237.9 2,151.1 76,241.7 - 87,630.7 12,061.4 ,, 1995

6,655.2 6,496.3 12,447.1 25,598.7 81,913.5 9,312.0 2,151.1 47,677.2 - 59,161.1 53,541.9 ,, 1996

6,015.8 6,496.3 11,971.8 24,483.9 104,904.2 9,329.5 2,067.6 76,136.0 - 87,533.0 42,747.4 ,, 1997

4,640.2 6,496.3 12,630.6 23,767.0 142,322.4 39,802.8 2,067.6 8,922.6 - 50,793.0 27,693.8 ,, 1998

4,106.5 6,496.3 32,059.0 42,661.8 189,905.1 39,829.2 2,067.6 179,323.1 - 221,219.9

22,936.0 ,, 1999

3,414.2 6,496.3 32,955.4 42,865.9 196,091.0 40,001.4 2,067.6 276,898.2 386.5 319,353.7

25,112.4 ,, 2000

7,897.1 16,496.3 25,816.8 50,210.2 200,273.2 47,727.7 1,989.5 372,382.9 361.5 422,461.6

122,920.4 ,, 2001

3,369.9 6,496.3 32,919.5 42,785.7 191,630.9 40,001.4 2,067.6 271,023.6 386.5 313,479.1

13,334.1 Jul. 2000

3,355.2 6,496.3 32,986.0 42,837.6 185,220.6 40,001.4 2,067.6 301,484.3 386.5 343,939.8

13,652.7 Aug.

3,281.3 6,496.3 41,150.2 50,927.9 197,939.3 40,001.4 2,067.6 322,329.8 386.5 364,785.3

21,464.5 Sep.

3,212.5 6,496.3 41,615.8 51,324.6 214,936.1 40,001.4 2,067.6 316,810.8 386.5 359,266.3

19,868.9 Oct.

3,153.3 6,496.3 41,498.7 51,148.2 214,804.4 40,001.5 2,067.6 321,319.8 386.5 363,775.3

19,843.8 Nov.

3,120.3 6,496.3 41,553.1 51,169.7 206,638.0 40,001.4 2,067.6 212,149.9 386.5 254,605.4

32,804.0 Dec.

3,095.5 6,496.3 41,553.1 51,144.9 204,557.5 40,001.5 2,067.5 320,460.5 386.5 362,916.0

29,648.5 Jan. 2001

3,083.2 6,496.3 41,553.1 51,132.6 203,071.4 40,001.5 1,989.5 341,902.1 386.5 384,279.5

31,027.4 Feb.

3,030.8 6,496.3 33,179.7 42,706.8 197,475.4 47,970.3 1,989.5 303,432.6 386.5 353,778.8

47,439.7 Mar.

2,956.0 6,496.3 33,179.7 42,632.1 196,568.9 47,970.3 1,989.5 321,128.2 386.5 371,474.4

49,425.2 Apr.

2,922.0 6,496.3 33,179.7 42,598.0 193,074.6 47,970.3 1,989.5 324,683.6 361.5 375,004.9

47,244.6 May

7,897.1 16,496.3 25,816.8 50,210.2 200,273.2 47,727.7 1,989.5 372,382.9 361.5 422,461.6

122,920.4 Jun.

37

38

5.5 SCHEDULED BANKS' POSITION

LIABI

DEMAND LIABILITIES IN PAKISTAN TIME LIABILITIES IN

Inter-Bank Others Inter-Bank Others

Capital

Last Thursday/ (Paid-up)

Saturday / and Borrow- Deposits Borrow- Deposits

Last working day Reserves ings Deposits (General) Others Total ings Deposits (General) Others

June, 1992 31,227 5,740 7,700 186,353 7,665 207,458 4,695 364 219,980 4,348

,, 1993 36,011 1,436 11,386 217,711 9,112 239,645 3,976 961 270,343 3,920

,, 1994 43,770 2,878 11,654 256,188 12,578 283,298 3,333 3,848 342,368 4,812

,, 1995 50,533 5,104 11,683 296,739 16,500 330,026 5,998 3,061 405,882 3,388

,, 1996 56,255 115 13,166 339,408 19,224 371,913 2,965 2,544 495,677 4,737

,, 1997 60,935 407 13,315 358,457 21,654 393,833 3,618 1,804 571,574 5,369

,, 1998 91,060 78 10,913 411,361 25,120 447,472 7,744 2,914 628,076 7,141

,, 1999 75,632 61 7,907 454,072 38,491 500,531 5,845 2,788 661,401 8,329

,, 2000 79,648 43 8,537 475,281 47,420 531,281 5,674 626 652,279 10,759

,, 2001 88,581 34 12,248 527,672 42,870 582,824 3,668 1,037 712,978 9,494

2000 Jul. 78,533 47 6,566 462,160 42,090 510,863 5,027 524 656,085 10,009

Aug. 80,954 53 4,884 456,221 40,564 501,722 4,212 606 674,583 9,825

Sep. 83,936 76 4,375 460,921 41,519 506,891 4,321 458 690,227 9,386

Oct. 82,881 75 5,019 457,420 39,882 502,396 4,324 1,054 681,660 9,406

Nov. 82,338 56 5,465 522,503 45,264 573,288 3,352 917 606,754 9,633

Dec. 78,399 40 10,019 482,128 48,485 537,672 4,942 1,434 674,187 8,741

2001 Jan. 84,414 40 8,092 479,747 37,743 525,622 3,880 1,236 681,268 8,354

Feb. 88,582 47 7,563 481,521 37,835 526,966 3,092 798 683,415 8,097

Mar. 89,068 45 8,802 485,382 39,875 534,104 3,508 847 687,721 8,252

Apr. 89,978 34 8,193 482,232 38,063 528,522 3,242 880 686,935 8,264

May 88,399 33 9,456 488,607 39,085 537,181 3,710 900 690,578 8,388

Jun. 88,581 34 12,248 527,672 42,870 582,824 3,668 1,037 712,978 9,494

39

BASED ON WEEKLY RETURNS

LITIES

(Million Rupees)PAKISTAN

STATUTORY RESERVES*

Total

Demand Borrow- Money

and ings from Borrow- at Call **

Time State ings From and Short Other Total On On Last Thursday/

Liabilities Bank of Banks Notice in Lia- Lia- Demand Time Total Saturday /

Total (a) Pakistan Abroad Pakistan bilities bilities Liabilities Liabilities (b) Last working day

229,387 436,845 57,267 13,471 6,405 418,012 963,227 10,693 11,469 22,163 June, 1992

279,200 518,845 64,577 14,614 6,584 505,570 1,146,201 12,311 13,960 26,271 ,, 1993

354,361 637,659 70,583 14,217 6,721 640,164 1,413,114 14,501 17,718 32,219 ,, 1994

418,329 748,355 82,668 14,280 8,350 743,430 1,647,616 16,919 20,916 37,835 ,, 1995

505,923 877,836 56,914 13,424 8,070 897,892 1,910,391 18,999 25,296 44,295 ,, 1996

582,365 976,198 77,999 14,622 5,370 993,960 2,129,084 19,960 29,118 49,078 ,, 1997

645875 1,093,347 113,919 16,518 7,768 264,981 1,587,593 22,762 32,294 55,056 ,, 1998

678,363 1,178,894 142,147 22,089 17528 289,019 1,734,309 25,903 33,918 59,821 ,, 1999

669,338 1,200,619 141,016 22,907 42,469 319,914 1,806,573 28,688 33,467 62,155 ,, 2000

727,177 1,310,001 139,367 15,169 30,293 400,517 1,983,928 42,918 50,902 93,820 ,, 2001

671,645 1,182,508 136,827 17,590 42,659 323,016 1,781,133 27,676 33,582 61,258 Jul. 2000

689,226 1,190,948 130,159 17,287 38,602 331,528 1,789,478 27,016 34,461 61,477 Aug.

704,392 1,211,283 135,137 30,674 37,234 340,825 1,839,089 27,206 35,220 62,426 Sep.

696,444 1,198,840 152,564 31,500 34,794 342,146 1,842,725 37603 48,751 86,354 Oct.

620,656 1,193,944 153,539 19,344 37,297 355,777 1,842,239 42,741 43,446 86,187 Nov.

689,304 1,226,976 144,758 35,798 30,885 384,297 1,901,113 39,799 48,251 88,050 Dec.

694,738 1,220,360 143,431 32,550 40,119 327,120 1,847,994 39,602 48,632 88,234 Jan. 2001

695,402 1,222,368 142,018 15,372 44,976 332,384 1,845,700 40,036 48,678 88,714 Feb.

700,328 1,234,432 144,608 14,284 38,108 344,038 1,864,538 40,055 49,023 89,078 Mar.

699,321 1,227,843 143,732 14,336 30,325 355,955 1,862,169 39,119 48,952 80,071 Apr.

703,576 1,240,757 140,297 14,340 27,308 367,255 1,878,356 39,514 49,250 88,764 May

727,177 1,310,001 139,367 15,169 30,293 400,517 1,983,928 42,918 50,902 93,820 Jun.

* The Statutory Reserves requirements w.e.f 7th Oct.2000 stood as 7% of the Demand and Time Liabilities

** Other Liabilities (Excluding contra items introduced w.e.f. 20-06-1998) (Contd.)

40

5.5 SCHEDULED BANKS' POSITION

ASS

BALANCES FOREIGN CURRENCY ADVANCES

With Money at

Last Thursday/ State Call and (c+d+ Balances

Saturday / Cash in Bank of Short e+f) with

Last working day Pakistan Pakistan Others Notice in as % Held in Banks To To

(c) (d) (e) Pakistan(f) of (a) Pakistan Abroad Total Banks Others Total (i)

June, 1992 8,962 48,827 5,325 6,719 16.0 909 10,844 11,753 13,314 227,000 240,314

,, 1993 11,301 48,745 8,920 7,002 14.6 2,194 6,190 8,384 7,830 308,992 316,822

,, 1994 13,959 63,746 14,814 7,062 15.6 4,261 7,899 12,160 8,616 347,868 356,484

,, 1995 16,363 78,503 11,012 8,814 15.3 3,017 8,163 11,180 13,482 413,811 427,293

,, 1996 19,328 63,502 14,516 8,989 12.1 3,667 16,545 20,212 5,449 474,731 480,180

,, 1997 17,821 89,756 16,854 5,772 13.3 4,647 10,918 15,565 3,690 552,522 556,212

,, 1998 18,769 84,740 18,218 8,903 12.0 2,706 21,798 24,504 5,687 644,049 649,736

,, 1999 18,870 100,335 19,116 18,095 13.3 2,981 39,019 42,000 4,402 725,852 730,254

,, 2000 19,468 153,371 18,250 43,509 19.5 2,222 46,619 48,841 5,788 801,154 806,942

,, 2001 19,178 147,962 18,033 31,179 16.5 4,788 70,856 75,644 3,657 866,490 870,147

2000 Jul. 16,751 133,923 15,021 43,534 17.7 2,722 51,584 54,306 5,049 768,613 773,662

Aug. 16,330 141,382 11,838 39,295 17.5 3,005 51,761 54,766 4,301 765,663 769,964

Sep. 15,932 143,199 10,859 39,292 17.3 2,722 60,279 63,001 4,464 781,531 785,995

Oct. 16,119 160,175 8,766 35,713 18.4 2,726 63,129 65,855 4,346 800,173 804,519

Nov. 13,942 162,389 8,471 38,138 18.7 2,340 57,873 60,213 3,518 821,230 824,748

Dec. 20,196 68,418 19,351 32,222 11.4 3,594 54,901 58,495 4,841 869,336 874,177

2001 Jan. 16,983 146,304 15,658 40,483 18.0 3,385 59,883 63,268 3,987 858,150 862,137

Feb. 17,127 153,345 13,361 45,020 18.7 3,167 56,074 59,241 3,127 852,885 856,012

Mar. 18,878 119,782 13,483 38,847 15.5 3,449 57,498 60,947 4,119 848,429 852,548

Apr. 17,811 137,886 13,016 30,687 16.2 3,646 65,250 68,896 3,164 840,278 843,442

May 17,069 136,935 15,009 27,896 15.9 3,649 66,237 69,886 3,635 840,061 843,696

Jun. 19,178 147,962 18,033 31,179 16.5 4,788 70,856 75,644 3,657 866,490 870,147

41

BASED ON WEEKLY RETURNS(Concld.)

ETS

(Million Rupees)

BANK CREDIT INVESTMENTS IN

SECURITIES AND SHARES

Bills Provin-

Purchased Total Federal cial (h) as Excess

and dis- i+ii (g) as Govt. Govts. Treasury Total % of Other * Advance @

Fixed @ Total Reserves

counted(ii) (g) % of(a) Securities Securities Bills Others (h) (a) Assets Taxpaid Assets Assets (d-b)

46,631 286,945 65.7 102,535 3,892 38,768 51,873 197,068 45.1 397,628 - - 963,227 26,665

44,149 360,971 69.6 140,124 3,727 35,660 31,331 210,842 40.6 490,036 - - 1,146,201 22,474

52,483 408,967 64.1 147,076 3,345 83,443 32,632 266,496 41.8 625,910 - - 1,413,114 31,527

59,649 486,942 65.1 166,687 3,340 90,059 35,210 295,296 39.4 739,506 - - 1,647,616 40,668

62,511 542,691 61.8 144,922 3,338 137,110 42,512 327,882 37.4 913,271 - - 1,910,391 19,207

70,675 626,887 64.2 134,417 2,399 167,945 39,023 343,784 35.2 1,012,645 - - 2,129,084 40,678

63,073 712,809 65.2 123,647 2,184 235,388 40,900 402,119 36.8 254,970* 49,332 13,237 1,587,593 29,684

63,774 794,028 67.4 115,671 1,969 204,160 69,069 390,869 33.2 255,378 69,564 26,054 1,734,309 40,514

69,554 876,496 73.0 115,536 1,730 103,790 65,993 287,049 23.9 257,054 72,941 29,594 1,806,573 91,216

75,504 945,651 72.2 101,161 1,836 123,889 70,048 296,934 22.7 340,220 78,205 30,922 1,983,928 54,142

66,886 840,548 71.1 115,485 1,730 137,037 64,061 318,313 26.9 254,592 73,135 31,010 1,781,133 72,665

65,747 835,711 70.2 115,298 1,836 138,892 64,594 320,620 26.9 264,813 73,673 31,050 1,789,478 79,905

68,505 854,500 70.6 115,212 1,836 139,193 66,533 322,774 26.7 284,956 73,592 30,984 1,839,089 80,773

69,608 874,127 72.9 108,641 1,836 111,570 68,686 290,733 24.3 284,907 74,702 31,628 1,842,725 73,821

70,819 895,567 75.0 109,520 1,836 87,118 68,748 267,222 22.4 289,460 75,237 31,600 1,842,239 76,202

71,089 945,266 77.0 117,127 1,836 135,711 65,377 320,051 26.1 331,575 75,239 30,300 1,901,113 -19,632

71,160 933,297 76.5 114,034 1,836 75,188 66,771 257,829 21.1 267,730 75,865 30,577 1,847,994 58,070

71,070 927,082 75.8 120,999 1,861 65,621 68,544 257,025 21.0 266,431 76,624 30,444 1,845,700 64,631

70,970 923,518 74.8 109,298 2,037 126,519 65,207 303,061 24.6 278,286 77,146 30,590 1,864,538 30,704

71,757 915,199 74.5 110,422 1,836 111,599 65,567 289,424 23.6 280,665 77,880 30,705 1,862,169 57,815

73,519 917,215 73.9 104,765 1,836 122,786 64,811 294,198 23.7 290,803 78,354 30,991 1,878,356 48,171

75,504 945,651 72.2 101,161 1,836 123,889 70,048 296,934 22.7 340,220 78,205 30,922 1,983,928 54,142

* Other Assets (Excluding contra items introduced w.e.f. 20-06-1998)@ Introduced w.e.f. 20-06-1998

42

5.6 CALL MONEY RATE

(Percent per annum)

MONTH 1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 2000-01

July 12.40 9.62 9.50 11.03 9.21 9.21 5.63

August 5.65 11.25 9.50 10.45 3.90 8.23 7.63

September 6.88 11.78 9.50 7.30 2.56 7.93 6.82

October 5.95 11.49 13.63 9.61 12.71 10.64 12.30

November 10.69 8.05 9.63 7.50 4.93 9.16 12.93

December 10.74 14.44 17.79 13.19 7.60 1-6 10.54

January 14.69 13.79 18.37 15.84 14.14 8.15 9.12

February 11.73 11.89 16.34 13.23 8.19 6.31 6.63

March 9.01 12.71 11.56 13.29 5.77 6.66 6.71

April 13.50 14.30 15.94 17.41 13.40 5.61 10.53

May 11.03 5.54 11.37 13.25 8.89 9.33 9.36

June 11.69 9.02 12.50 14.64 2.83 10.94 9.28

Average of the period 10.33 11.16 12.97 12.23 7.84 8.52 8.96

43

5.7 CURRENCY IN CIRCULATION

( Million Rupees )

Held by Held by Currency Currency

END Two-Rupee One-Rupee Banking Issue in tills of in

OF Bills and Bills / Subsidiary Total Department Department Scheduled Circulation

PERIOD above Coins Coins ( 1+2+3 ) of SBP of SBP Banks (4-5-6-7)

1 2 3 4 5 6 7 8

June, 1992 158,655 2,187 591 161,433 150 502 8,962 151,819

’’ 1993 175,719 2,587 627 178,933 424 344 11,301 166,864

’’ 1994 195,809 2,607 654 199,070 170 454 13,738 184,708

’’ 1995 229,313 2,604 672 232,589 234 413 16,363 215,579

’’ 1996 250,620 2,604 684 253,908 165 305 19,328 234,110

’’ 1997 259,364 2,528 697 262,589 219 408 17,821 244,141

’’ 1998 289,998 2,564 701 293,263 154 1,418 18,769 272,922

’’ 1999 305,326 2,514 702 308,542 120 1,835 18,870 287,716

’’ 2000 373,739 2,558 700 376,997 100 1,751 19,468 355,677

’’ 2001p 393,114 2,726 708 396,548 178 1,727 19,198 375,445

2000 Jul. 366,629 2,558 700 369,887 200 1,742 16,751 351,194

Aug. 357,413 2,558 700 360,671 197 1,726 16,330 342,419

Sep. 354,231 2,593 700 357,524 146 1,744 15,952 339,682

Oct. 372,420 2,593 700 375,713 134 1,732 16,139 357,707

Nov. 398,515 2,612 700 401,827 100 1,727 13,962 386,038

Dec. 429,215 2,623 702 432,540 127 1,728 20,216 410,468

2001 Jan. 402,706 2,630 709 406,045 147 1,718 17,003 387,177

Feb. 402,592 2,630 709 405,931 181 1,704 17,147 386,899

Mar. 403,386 2,638 709 406,733 230 1,698 18,898 385,907

Apr. 395,894 2,650 706 399,250 178 1,706 17,831 379,535

May 399,313 2,684 706 402,703 182 1,725 17,089 383,707

Jun. p 393,114 2,726 708 396,548 178 1,727 19,198 375,445

Note 1. The quarter end data relate to last working day whereas monthly data relate to last Saturday of the month2. Totals may not tally due to separate rounding off

P Provisional

44