Islamabad: In the first 9 months of the current calendar year, an increase of 19 percent was recorded in the profits of banks on an annual basis.
According to the data of the banks filed in the stock exchange, the banks earned a profit after tax of Rs 295,521 million, which is 19% higher than the profit of Rs 248,330 million in the same period last year.
Meanwhile, in the week ended October 4, the volume of currency in circulation increased on a weekly basis, while total bank deposits recorded a decrease. In the week ending on October 4, the volume of currency in circulation was 9032 billion rupees, which is 2.4% more than the volume of the previous week of 8817 billion rupees.
Meanwhile, the volume of total bank deposits in the week ended on October 4 was 26,721 billion rupees, which is 2.2 percent less than the total deposits of the previous week of 27,328 billion rupees.
On the other hand, the Central Directorate of National Savings has obtained savings of 210 billion rupees between July 1 and October 16 by issuing new bonds. According to a National Savings official, the savings of Rs 210 billion through the new bonds is 12 percent of the target of Rs 1650 billion for the current financial year.
