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Why not use timestamp arithmetic and an embedded query?
with tbl as (select emp, timestamp(tim || ' ' || dte) as clocktime
from timecard A) tbl
, ins as (select * from tbl where punch='IN')
, outs as (select * from tbl where punch='OUT')
select outs.emp, outs.clocktime as outtime,
(select min(ins.clocktime) from ins where ins.emp = out.emp and ins.clocktime > outs.clocktime) as intime
from outs
I'm not sure about the arguments in that timestamp function, but the rest should work.
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