8/7/2019 7. Scheduled and co-operative banks

1/4

39

7. Scheduled and co-operative banks

The sector covers the transactions of thescheduled and co-operative banks. A Scheduled

Bank is a bank having paid-up capital andreserves of Rs. 500 million or more anddeclared to be a Scheduled Bank under Section37 (2) (a) of the State Bank of Pakistan Act,1956. The scope of this sector is, therefore, notlimited to commercial banks only, but alsoextends to certain specialized banking

institutions.

2. The Punjab Provincial Co-operative BankLtd: is both a scheduled and a co-operative

bank, double counting of which has beenavoided. A list of banks as on 30 June, 2003 isas at Appendix III. With the promulgation ofPresidential Ordinance No. XL of 1976 videNotification No. F.24(1)/76-pub of 16th

October, 1976 for proper regulation of co-operative banking in the country, all primary co-

operative societies then operating as banks weregiven the option to convert themselves intocredit societies within stipulated period orotherwise they stood dissolved. The saidOrdinance provided for continuation of fourprovincial co-operative banks.

3. By and large, figures adjusted to meet theflow of funds requirements have been derivedfrom the statistics on scheduled banks inPakistan and co-operative banks statisticscompiled by the State Bank of Pakistan onannual basis and the annual report and accountsof the banks. Further, supplementaryinformation extracted from other published and

at times unpublished records was adjustedwhere available information was deficient. Inthis connection, capital consumption, grossfixed capital, and employees provident fundneed special mention.

4. Figures for gross fixed capital and capitalconsumption in Table 7.2 were respectively

compiled on the basis of the banks annualbalance sheets and the table of receipts,disbursements, depreciation and net profit orloss of scheduled banks in Pakistan as of 31December published by the State Bank ofPakistan in their annual Banking Statistics ofPakistan as the liabilities and assets statement

showed the amount for bank premises only.

Other fixed assets [item B-1(b) ofTable 7.2have been estimated from the publishedbalance sheets of scheduled banks at the

written down value. Depreciation on fixedassets has been adjusted to land and buildingin order to estimate the cost. Figures ofprovident fund were collected directly fromPakistani scheduled banks and adjusted in the

financial flows account.5. The consolidated position of this sector is

shown in Table 7.1.

6. All entries in Table 7.2 represent flowsobtained by calculating movements in itemsof the aggregate balance sheet (Table 7.1).However, in cases where lack of sufficientdetail prevented adequate sectoral/

transactions classifications the entries wereestimated on the basis of fragmentaryevidence and information available in othersector accounts. In this connection, the itemsloans and advances, deposits and investmentsin shares and debentures need particularmention in addition to those dealt with inparagraph 2.

7. In the flow of funds accounts (Table 7.2)the scheduled and co-operative banksholdings of notes, coin, and silver have beentaken as currency (item D.1). The foreign

8/7/2019 7. Scheduled and co-operative banks

2/4

8/7/2019 7. Scheduled and co-operative banks

3/4

41

7.1 LIABILITIES AND ASSETS OF SCHEDULED AND

CO-OPERATIVE BANKS IN PAKISTAN

(Million Rupees)

I T E M S 2,000 2,001 2,002 2,003

ASSETS

Fixed Assets 70,631 78,421 76,557 95,464

Notes, coin & silver 39,303 32,240 28,810 45,009

Deposits: 198,219 222,142 221,844 210,993

Loans & advances 798,840 865,763 886,259 971,166

Bills:

Export bills 34,111 40,367 38,954 51,354

Others 22,119 24,216 24,325 21,616

Federal Govt.securities 147,762 126,112 152,310 211,202

Treasury bills 105,761 125,605 221,674 404,619

Small savings 123 122 182 149

Provincial & local govt.securities 1,869 1,869 1,796 1,332

Foreign securities 3 2 2

Other securities 29,615 32,231 29,589 43,167

Stocks & shares 25,699 28,616 33,179 44,124

Other assets 1,202,711 1,511,380 1,640,609 1,971,910

TOTAL ASSETS/LIABILITIES 2,676,766 3,089,086 3,356,090 4,072,105

LIABILITIES:

Reserves 42,539 45,997 44,322 46,301

Deposits from others:

Foreign constituents 50,479 55,093 54,947 47,124

Domestic constituents 1,090,857 1,222,158 1,367,606 1,636,148

Capital paid-up:

Pakistani banks 60,836 62,038 77,537 55,842

Foreign banks 21,213 22,054 20,216 20,777

Borrowings from:

State Bank of Pakistan 141,633 141,077 139,377 142,010

Others 7,960 38,202 34,887 29,445

Other Liabilities 1,261,249 1,502,467 1,617,198 2,094,458

8/7/2019 7. Scheduled and co-operative banks

4/4