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8.Non-bank financial institutions

8.Non-bank financial institutions

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Published by: Zahid Ali on Mar 28, 2011
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01/31/2014

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8.

Non-bank financial institutions
This sector includes the following categories of non-bank financial institutions as mentioned in (Appendix IV). i) Development financial institutions ii) Investment banks iii) Leasing companies iv) Modaraba companies v) Discount & guarantee houses vi) Housing finance corporations/ companies vii) Venture capital companies 2. Except National investment trust, House building finance corporation, Investment Corporation of Pakistan. and Equity participation fund whose accounts are on a financial year basis, all other development institutions keep their accounts on a calendar year basis. Accounts kept on a calendar year basis were, therefore, assumed to represent transactions during the corresponding financial year. For example, accounts ending as on 31 December 2000 were assumed to be as of 30 June 2001. 3. Information was derived from the published annual reports and accounts, which were consolidated to arrive at the aggregate balance sheet for the sector as per Table 8.1. 4. Movements in liabilities and assets were calculated to compile the financial flows accounts as per Table 8.2. Where deficient information prevented adequate transaction/ sectoral classification, the same was done on fragmentary evidence and, at times, reference to unpublished records. Where sector classification of investment in bonds and debentures was not possible the same has been allocated to private corporate business sector. The capital account of NIT comprises principal and increase/ decrease in value of investments. Changes in principal only have been included under stocks and shares (item D-6c) while the valuation change has been lumped with miscellaneous sources (item D-11). 5. On the uses side investments in shares have been adjusted by taking out the aforementioned valuation change and including the same with miscellaneous uses (item D-11). Unspecified investments have been assumed to be in the shares of private corporate business (item D6e). Loans and advances other than those extended to public enterprises (non-financial ) and Non-Corporate and Households sectors have been attributed to private corporate business sector (item D-7c) while various items of the aggregate balance sheet (Table 8.1) include inter-institution transactions, the same have been segregated and lumped with miscellaneous financial sources or uses, as the case may be, (item D-11).

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166 26.004 20.578 8.277 2.802 58.733 57.494 25.993 15.387 2.869 261.988 95.479 19.855 3.001 4.895) 5.107 38 80.192 3.168 22.091 25.8.297 93.1 AGREGATE BALANCE SHEET NON-BANK FINANCIAL INSTITUTIONS (Million Rupees) 1999-2000 Assets Fixed assets Cash & deposits Federal Government securities Other bonds & debentures/PTC's Treasury bills Stocks & shares Loans & advances Other assets 14.445 38 89.486 43.711 3.451 37.782 8.753 13.110 185.611 50.909 24.606 12.197 38.866 52.554 66.634 8.676 2.200 75.783 3.341 8.804 215.287 11.755 12.280 120.571 13.923 21.192 50.752 41.783 30.956 20.979 2.822 584 43.002 16.349 14.999 16.207 33.846 Liabilities Reserves Depreciation Deposits Bonds & debentures Stocks & shares Provident Fund Loans & advances Other liabilities (3.480 2000-01 2001-02 2002-03 44 .337 16.857 18.186 16.705 70.064 101.823 239.415 7.

196) (72. Life Fund 9. Treasury Bills Federal Government 2.131 440 (6.689) 3. STATISTICAL DISCREPANCY ( C .951 G.8.226) (38) (19.311) f) Rest of The World 7.298 18.F ) 0 Note: 1. NET LENDING(-)/BORROWING(-)(A-B) 20.653 67 324 3.336) 10.622 1.183 1.275) (27) 11.2 FLOW OF FUNDS ACCOUNTS NON-BANK FINANCIAL INSTITUTIONS ITEMS 2000-01 U (5.045) (24. Banks (5. Gross Fixed Capital Formation a) Land & Building b) Plant &Machinery c) Others 2. GROSS SAVINGS 15.613 5.768) (5.164 187 18.365 1.668) (100) 2001-02 U (780) (781) (781) 1 (Million Rupees) 2002-03 R U 25. FINANCIAL RESOURCES /USES 1. Change in Inventories C. Banks 327 d) Non-Bank Financial Institutions (239) e) Private Corporate Business 5.'R' stands for Resources and 'U' for Uses 2.457) 18.951 D.193 (105) 18.289 1.399 1.459) (9.620 c) Non-Bank Financial Institutions (25.251 b) Public Enterprises (Non-Finanical) (73) c) Sch.451) (16.861) 121 770 - 17 (2.019 991 991 28 24. FINANCIAL SURPLUS(+)/DEFICIT(-)(U-R) 20.366 5. Provident Fund Non-Bank Financial Institutions 10. Items with nil or negligible figures have been suppressed R 18.007 4.453) 460 5.874 B.394) 1. Currency State Bank of Pakistan (13) 2. Other Foreign Claims (3.622) (2.500) F. & Coop. GROSS CAPITAL FORMATION 1.826) c) Private Corporate Business (24.109 8.129 29.959 560 25.777 (600) (240) (9. TOTAL FINANCIAL RESOURCES/USES (37.207 (932) 490 3. Net Savings 18. Miscellaneous E.404) (53. & Coop.363) d) Insurance (79) e) Private Corporate Business (7.691) 2.668) (5. Capital Consumption (3. Banks 1. Deposits a) State Bank of Pakistan 670 b) Sch. Loans & Advances a) Public Enterprises (Non-Finanical) 568 b) Non-Bank Financial Institutions (5. Bonds and Debentures a) Federal Government 1.748) d) Rest of The World (1) 3.430) 4. & Coop.287 4.120 24.442) 2. Small Savings Federal Government 6. The figures in brackets indicate negative amounts 3.131 - (25) (1.973 0 (9.659 148 (8.940 0 (11. Stocks and Shares a) Public Enterprises (Non-Finanical) 4.973 (42.487) (11.326 12 3.237 b) Sch.940 R A.180 45 .330) d) Non-Corporate & Households 4.348) c) Non-Bank Financial Institutions (2.

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