I am pleased to learn that Standard Chartered Bank is celebrating the 150th anniversary of its presence on this land. The Bank started its journey in 1863 by establishing its first office on I.I Chundrigar Road Karachi. Since then it has grown into an international Bank with a long and distinguished operating history in Pakistan. On this auspicious occasion I wish to congratulate the management and the entire staff of Standard Chartered Bank in over 25 cities of the country for servicing the financial needs of its clients. The valuable contributions made by the Bank towards economic development by facilitating businesses, entrepreneur and general public with the wide range of financial services is indeed commendable. Banks play a critical role in enabling businesses to expand and in overall economic development. Sound financial position, the range and quality of services it makes available to its clients and above all the trust it enjoys with its clientele are the assets of any bank. With this as the yardstick Standard Chartered Bank has reasons to feel satisfied with its record. The 150th anniversary celebration is also an occasion for Standard Chartered Bank to commit to further expand the range and quality of its services to facilitate the diverse and growing range of its clientele. Once again, I wish to congratulate the management and staff of Standard Chartered Bank Pakistan and wish the Bank greater success in the years ahead.