Pak close to being 'blacklisted' by Financial Action Task Force
Monday, September 23, 2019, 11:21 AM
Pakistan appears to be falling grossly short of delivery on the 27-point action plan prepared by the Financial Action Task Force (FATF) to help it escape 'black listing', with sources monitoring its actions against terror financing indicating that Islamabad has delivered on only six of the 27 points so far. 'Black listing' by FATF stands to choke Pakistan's access to international finance.
Dengue virus is becoming resistant to vaccines and treatment: Study
Monday, September 23, 2019, 11:14 AM
The mosquito-borne deadly dengue virus that infects about 400-million people globally every year especially in the tropic and sub-tropic regions of the world is undergoing changes that are helping it evade vaccines and therapeutics, said the source. The research, notes that one of the strains of the virus, DENV2 has smooth spherical surface-particles while growing at the carrier mosquito's physiological temperature of 29-degrees Celsius.
From Oct 1, all SBI floating rate loans to be linked to repo rate
Monday, September 23, 2019, 11:07 AM
The SBI said on Monday it will use the repo rate as the external benchmark for its floating rate loans for MSME, housing and retail loans. According to a press release issued by the bank, this will come into effect from October 1. The decision has come after the RBI mandated all banks to link their floating rate loans to an external benchmark.