CCP functional with hiring of two members

ISLAMABAD: After keeping the Competition Commission of Pakistan (CCP) almost dysfunctional since January, the government has appointed Dr Shahzad Ansar and Dr Muhammad Saleem as members of CCP.

However, the Commission is still short of its minimum strength - of five members - as stated in the law. Despite lacking its minimum strength, the CCP can exercise its basic function of holding tribunals for hearing of cases against entities that have been issued show cause notices. —Staff Reporter

JPMorgan, Citi unwilling on bitcoin futures

NEW YORK: Big Banks, including JPMorgan Chase and Citigroup will not immediately clear bitcoin trades for clients once Cboe Global Markets and CME Group start trading futures contracts in the cryptocurrency next week, the Financial Times reported, citing people familiar with the matter.

Goldman Sachs Group Inc on Thursday said it is planning to clear bitcoin futures for some clients as the new contracts go live on the exchanges in the coming days. JPMorgan and Citigroup did not immediately respond to requests for comment.

Published in Dawn, December 9th, 2017