August 31, 2006	Thursday	Sha'aban 6, 1427

KARACHI, Aug 30: Deutsche Bank’s global transaction banking has been appointed the sole clearing bank for Intentional Air Transport Association (IATA) pioneer Building and Settlement Plan (BSP) in Pakistan.

The scope of cash management mandate includes the IATA’s entire banking and data processing requirements.

Deutsche Bank’s cash management solution will enable IATA to streamline and centralise their payables and receivables process by ensuring that collection from travel agents in Pakistan are paid promptly to the airline operators.