In this regard, the most challenging time for Japan was 1997, when the brokerage Yamaichi Securities, with assets of 3.7 trillion yen or 19 billion pounds at that time, collapsed. Yamaichi Securities also had sizeable presence internationally, especially in the European capital markets.
Having shared these thoughts, I would like to conclude by saying that SBP stands committed to develop and diversify the financial sector in order to enhance its role in supporting economic growth. Pakistan is standing at a juncture where investment in infrastructure is crucially needed to facilitate the process of economic growth.