LAHORE, Dec 24: All the three stock exchanges of the country got on the National Clearing & Settlement System on Monday.

The news was broken by Securities and Exchange Commission of Pakistan Khalid Mirza at a press briefing early in the day.

The NCSS would be implemented in phases and initially two shares — Indus Motors and B.R.R. Modaraba — have been put on it. The number of the shares to be inducted on the NCSS would be increased in phases, said Mirza, adding it would take some time, say 4-6 months, before all the stocks were put on the newly introduced unified clearing system.

Lahore Stock Exchange managing director Samir Ahmed told Dawn that the system would link up the clearing of the three exchanges and would be implemented in phases.