Key Projects Unable to Utilize Allocated Development Funds

Funds for several major projects under the Public Sector Development Programme (PSDP) have not been released in the current fiscal year, and on the other hand, fund were not utilized despite being released for certain projects.

According to sources, funds were allocated for the New Gwadar International Airport, Faisalabad-Khanewal Motorway, and the Kala Shah Kaku-Lahore Highway Project.

However, the amount of Rs 1.14 billion allocated for the New Gwadar International Airport for the current fiscal year was not released.

For the Faisalabad-Khanewal Motorway, an amount of Rs. 100 million was released but not a single rupee was spent. Similarly, an amount of Rs 10 million was released for the Kala Shah Kaku-Lahore Highway Project, but no money was spent, sources said.

Moreover, the Rajanpur-DG Khan Highway along with the DG Khan-DI Khan 245 km road also did not see any progress. Likewise, the Khyber Pass Economic Corridor, with financial support from the World Bank, did not make progress. Sources said that the China-Pakistan Economic Corridor (CPEC) Islamabad-Raikot Project failed to acquire land, and work on the Gilgit-Shandur Road also could not begin.

Sources said that no work was done on the Khuzdar–Kuchlak Section of the National Highway (N-25) despite the allocation of funds. The Financial Inclusion & Infrastructure Project of the Ministry of Finance also did not see any progress despite the allocation of funds, sources said.

Source: Pro Pakistani

Chairman FBR Inaugurates Security Operations Center to Counter Cyber Attacks

Building further on its ongoing drive for a secure digital platform for the Federal Board of Revenue (FBR), Chairman FBR and Secretary Revenue Division, Asim Ahmad inaugurated Security Operations Centre (SOC) this morning at FBR Headquarters, Islamabad.

SOC is a state-of-the-art center designed for prevention, detection, and incident response against cybersecurity attacks on the FBR IT network.

This most modern digital intervention has been made operational round-the-clock (24x7x365).

It is powered by the world’s leading automated solutions and tools for cybersecurity incident monitoring, inspection for malware and ransomware attacks, data backup/recovery solutions, software vulnerabilities scanning, IT infrastructure penetration testing, and performance monitoring.

It is pertinent to mention that these multiple security controls have already been implemented at FBR with sophisticated firewalls, intrusion detection systems, security orchestration and response capability, email threats security, database security, web browser security and end-user security awareness.

Member-IT FBR Dr Ashfaq Ahmad Tunio and Sardar Umar, Secretary IT FBR, briefed the Chairman FBR about its key features and functions.

He informed that within a short span of 4-5 months, nine different world-class security technology solutions have been procured and implemented or are nearing implementation. This robust and high-tech defence-in-depth architecture is a watershed initiative which has inbuilt monitoring mechanisms within the SOC. This has significantly uplifted the security posture of the data and IT network of FBR, he further explained.

The Chief Information Security Officer (CISO) FBR Kamran Meer, further briefed that a roadmap has been created to implement various other security technology solutions in the coming months to attain a truly world-class posture for FBR in accordance with international best practices, within an overarching Information Security Governance, Risk and Compliance (GRC) framework.

He also reiterated that the occurrence of cyber-attacks was a norm in heavily IT-enabled organizations such as FBR and the most effective approach to cyber defence was to establish a strong program where cyber risk assessments, risk mitigations, SOC operations, and rapid incident response were conducted in repetitive cycles 24x7x365 with oversight and support for resources provided by the highest levels of management.

While commending the outstanding work done by Member IT and his team, Chairman FBR appreciated the digital intervention as a much-needed facility to firewall the repository of high-value data of taxpayers. He expressed his unflinching resolve to further upgrade the IT infrastructure of FBR in line with the global best practices.

He also hoped that all the Field Formations of FBR will soon be connected with this centralised SOC to implement a similar security regime in letter and spirit.

Source: Pro Pakistani

Sindh govt launches rescue 1122 service in Karachi

Sindh government launched Emergency service Rescue 1122 from Karachi today (Tuesday).

Sindh Chief Minister Syed Murad Ali Shah inaugurated the service.

The service is aimed at providing immediate medical aid to people and shifting them to hospitals in emergencies.

Initially, fifty ambulances have been provided for the service which will be increased to 230 across the province.

The service will be initiated in other Divisions and districts in the second Phase.

Source: Radio Pakistan

Moon sighted, first Ziquad on Wednesday

The Central Ruet-e-Hilal Committee has announced that the Moon of Ziquad has been sighted and the first Ziquad 1443 will commence from tomorrow, 1st June, Wednesday.

In a notification issued by the Ministry of Religious Affairs and Interfaith Harmony today, this was announced by Chairman Ruet-e-Hilal Committee Maulana Dr Abdul Khabeer Azad after meeting the central committee in Islamabad today.

Source: Radio Pakistan

CM Punjab vows to maintain Law & order situation at all costs

Punjab Chief Minister Hamza Shahbaz has said that the law and order situation will be maintained at all costs across the province.

Chairing a meeting in Lahore today (Tuesday) the CM said every possible step will be taken for protection of life and property of the people and no one can be allowed to take the law into their own hands. He ordered indiscriminate legal action against those who took the law into their own hands.

The CM directed Police to conclude the Chunian rape case soon and the investigation should be expedited with DNA samples and scientifically.

Source: Radio Pakistan

Conagen’s New Dihydro Resveratrol Made By Clean Bioconversion Inspires Novel Products and Drives Market Growth

Bedford, Mass., May 31, 2022 (GLOBE NEWSWIRE) — Massachusetts-based biotech Conagen announces the development of a new scalable natural compound, dihydro resveratrol, for use in industrial and human health applications. Conagen’s dihydro resveratrol is made by bioconversion from p-coumaric acid (pCA), a natural preservative Conagen produced by precision fermentation.

The same proprietary bioconversion technology used to make dihydro resveratrol can be used to make resveratrol and other polyphenol class molecules. Both compounds are natural metabolites of plants, such as berries and grapes, and are commonly found in red wine.

Because resveratrol and dihydro resveratrol exist in only very small quantities in plants, cultivation, extraction, and purification are very inefficient, using more land, water, and energy. Instead, Conagen starts with pCA made using fermentation of microorganisms. Bioconversion of pCA allows Conagen to use a much smaller footprint to make dihydro resveratrol and related compounds.

“The development of dihydro resveratrol demonstrates Conagen’s strong capability to manufacture and deliver innovative and versatile compounds for multiple large-scale applications,” said Casey Lippmeier, vice president of innovation. “Our proprietary bioconversion and precision fermentation capabilities enable the production of sustainable high-quality polyphenols for use in novel products which drive the growth of new markets.”

Resveratrol molecules in the category of polyphenols possess rich antioxidant properties. Its anti-inflammatory and antioxidant activity are linked to protective effects against heart disease, diabetes, cancer, and cognitive decline. Conagen has announced several polyphenol products over the past few years, such as Taxifolin BC-DHQ® (dihydroquercetin), kaempferol, Rosaval™  rosmarinic acid, and hydroxytyrosol, establishing a strong leadership in the development of polyphenol compounds.

In addition to their importance in human health applications for improving the quality of life, dihydro resveratrol and resveratrol are also important industrial intermediates. They offer valuable use in many industrial applications, such as plastic additives, paints, resins, polymers, and high-temperature-resistant biomaterials.

Conagen is working with multiple industrial partners to develop novel applications of dihydro resveratrol, resveratrol, and related compounds.

About Conagen

Conagen is a product-focused, synthetic biology R&D company with large-scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

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Ana Arakelian, Head of Public Relations and Communications
Conagen
+1.781.271.1588
ana.arakelian@conagen.com