Govt increases profit rates on national saving schemes following record policy rate hike

national savings account

In response to increasing policy rates, the Pakistani government has announced significant raises in profit rates for all national savings schemes (NSS) from April 10, 2023. This decision follows the State Bank of Pakistan’s (SBP) considerable increase in the policy rate to a record 21 per cent in its recent Monetary Policy Committee meeting to … Read more

Alibaba launches AI model ‘Tongyi Qianwen’ as ChatGPT rival for enterprise testing

alibaba chatgpt rival ai

Alibaba has launched its long-awaited ChatGPT rival, “Tongyi Qianwen,” for enterprise testing. The launch is not open to the general public but is restricted to a few eligible enterprises. Currently, the company is extending invitations to enterprise users only to participate in experience testing. Interested users can submit their applications via the official website, and … Read more