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to unpublished records.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).
43
8.1 AGREGATE BALANCE SHEET
NON-BANK FINANCIAL INSTITUTIONS
(Million Rupees)
1999-2000
2000-01
2001-02
2002-03
Fixed assets
14,451
8,783
8,002
8,993
Cash & deposits
37,755
30,753
16,337
15,168
Federal Government securities
12,606
13,857
16,634
22,287
Other bonds & debentures/PTC's
12,822
18,192
8,001
11,783
584
3,197
4,486
3,554
43,280
38,064
43,200
66,705
120,479
101,909
75,571
70,186
19,869
24,823
13,110
16,804
261,846
239,578
185,341
215,480
(3,895)
14,979
33,277
58,676
5,988
2,297
2,192
2,752
95,387
93,855
50,711
41,415
2,611
3,091
3,494
7,166
Stocks & shares
50,445
25,107
25,866
26,733
Provident Fund
38
38
-
-
Loans & advances
89,923
80,004
52,999
57,956
Other liabilities
21,349
20,207
16,802
20,782
Assets
Treasury bills
Stocks & shares
Loans & advances
Other assets
Liabilities
Reserves
Depreciation
Deposits
Bonds & debentures
44
8.2
FLOW OF FUNDS ACCOUNTS
NON-BANK FINANCIAL INSTITUTIONS
ITEMS
2000-01
U
(5,768)
(5,668)
(5,668)
(100)
R
A. GROSS SAVINGS
15,183
1. Capital Consumption
(3,691)
2. Net Savings
18,874
B. GROSS CAPITAL FORMATION
1. Gross Fixed Capital Formation
a) Land & Building
b) Plant &Machinery
c) Others
2. Change in Inventories
C. NET LENDING(-)/BORROWING(-)(A-B)
20,951
D. FINANCIAL RESOURCES /USES
1. Currency
State Bank of Pakistan
(13)
2. Deposits
a) State Bank of Pakistan
670
b) Sch. & Coop. Banks
(5,348)
c) Non-Bank Financial Institutions
(2,748)
d) Rest of The World
(1)
3. Bonds and Debentures
a) Federal Government
1,251
b) Public Enterprises (Non-Finanical)
(73)
c) Sch. & Coop. Banks
327
d) Non-Bank Financial Institutions
(239)
e) Private Corporate Business
5,287
4. Treasury Bills
Federal Government
2,613
5. Small Savings
Federal Government
6. Stocks and Shares
a) Public Enterprises (Non-Finanical)
4,237
b) Sch. & Coop. Banks
1,620
c) Non-Bank Financial Institutions
(25,363)
d) Insurance
(79)
e) Private Corporate Business
(7,311)
f) Rest of The World
7. Loans & Advances
a) Public Enterprises (Non-Finanical)
568
b) Non-Bank Financial Institutions
(5,826)
c) Private Corporate Business
(24,330)
d) Non-Corporate & Households
4,109
8. Life Fund
9. Provident Fund
Non-Bank Financial Institutions
10. Other Foreign Claims
(3,275)
(27)
11. Miscellaneous
E. TOTAL FINANCIAL RESOURCES/USES
(37,451)
(16,500)
F. FINANCIAL SURPLUS(+)/DEFICIT(-)(U-R)
20,951
G. STATISTICAL DISCREPANCY ( C - F )
0
Note: 1.'R' stands for Resources and 'U' for Uses
2. The figures in brackets indicate negative amounts
3. Items with nil or negligible figures have been suppressed
R
18,193
(105)
18,298
18,973
2001-02
U
(780)
(781)
(781)
1
(Million Rupees)
2002-03
R
U
25,959
560
25,399
1,019
991
991
28
24,940
-
17
-
(25)
(42,861)
-
(2,487)
(11,442)
-
(9,689)
-
(1,453)
460
-
121
-
2,777
(600)
(240)
5,653
67
324
(9,394)
3,365
-
-
1,289
-
(932)
-
-
-
-
770
-
1,622
1,326
12
3,131
-
1,131
-
490
3,164
187
18,659
-
(11,226)
-
440
(6,045)
(24,459)
-
4,366
-
148
(8,622)
(2,336)
-
5,007
4,180
10,129
29,120
(38)
(19,196)
(72,430)
(9,404)
(53,457)
18,973
0
3,207
24,940
0
45