*  *  *  It is a great honour for the State Bank of Pakistan to host the 34th Annual Meeting of the Board of Directors of the Asian Clearing Union. I welcome you all to Pakistan and wish you a pleasant and productive stay in our country.
Finally, fellow Governors, I once again want to reiterate that it is a great privilege to host you in our beautiful city, Kampala, the City of undulating hills. I invite you to enjoy the sites and savour the cuisine in this part of the world. 2  BIS central bankers’ speeches