Turkish firms keen to invest in energy, construction sectors

on 02/02/2023

During his visit of Turkey last month, Prime Minister Shehbaz Sharif attended the Pakistan-Turkey Business Council organised by the Foreign Economic Relations Board (DEIK).
The prime minister invited the Turkish investors to explore Pakistan’s diverse sectors.
“Pakistan’s energy sector with its vast potential in hydel, thermal, coal, wind, and solar areas can prove ideal for the Turkish investors,” Shehbaz told the leading businessmen and investors from Turkey and Pakistan.
“Given the growing energy needs and high global energy prices, Pakistan direly needs improvement in its energy sector. Pakistan could benefit from Turkey’s expertise in building and managing dams for water conservation,” he added.
Pakistan premier assured the attendees he would do everything in his power to achieve the trade target.
“Let us break these barriers, let us remove all hurdles to promote our investment and our trade between the two countries. Whatever [needs] to be done, let’s do it and do it speedily. Time and tide wait for none,” PM Sharif said.
“Let’s resolve today a figure of 5 billion dollars’ trade, two-way. In next three years, if we could take our bilateral trade to 5 billion dollars [annually], I will be a satisfied Pakistani and I will be the happiest person to achieve this target. I guarantee from our side that whatever is needed to achieve this target, I will be there doing everything in my capacity.”
Before leaving for Turkey, Sharif told a Turkish state-run news agency the quantum of bilateral trade between Pakistan and Turkey did not reflect the strength of their relations, pointing out the two countries needed to explore more opportunities for economic collaboration.
“The current level of bilateral trade is still not a true reflection of the excellent state of our relationship. This is also an area where immense opportunities exist for both countries,” Sharif told Anadolu Agency.
“With a population of over 220 million, Pakistan offers its investors a strong and large consumer market with an ever-expanding middle class. Pakistan holds numerous investment opportunities with lucrative returns for investors.”
“A number of leading Turkish investors have already made investments in Pakistan,” Shehbaz said, emphasising that the Turkish investment in Pakistan would be a win-win situation for both the countries.
Giving an overview of the economic and investment opportunities in Pakistan, the prime minister highlighted his focus on energy, housing, textiles, infrastructure development, agro-based industry, and oil and gas sectors.
He also emphasised that Turkish textile companies could explore the sector for joint ventures, especially for intra-industry trade as well as becoming partners in regional and global value chains. He also invited the Turkish firms relating to the agro-industrial and dairy sectors.
At the onset, DEIK President Nail Olpak and Chair of Turkish-Pakistan Business Council Ahmet Cengiz Ozdemir introduced the participating companies and briefed the prime minister about Turkish investments in Pakistan.
Shehbaz also held a separate meetings with Turkish investors. He said that unfortunately, a conspiracy was hatched to discourage the investment in Pakistan. However, he added that his government’s priority was to facilitate all the investors by addressing their issues.
The delegation expressed keen interest in the projects in the energy and the construction sectors. A Turkish firm, Siyahkalem, headed by Cengiz Ozdemir, expressed confidence in the measures taken by his government to encourage foreign investment in Pakistan.
The delegations included Arcelic Chief Commercial Officer Can Dincer, Chief Executive Officer of Zorlu Energy, Albayrak President Ahmed Albayrak and Hayat Kimya Vice President Ali Zaybuk. They conveyed their interest in enhancing the volume of investment in Pakistan.
Earlier, the prime minister visited the mausoleum of Mustafa Kemal Ataturk, the founder of modern Turkey, and laid a wreath there. The prime minister observed a minute of silence to pay respect to the great Turkish leader.
On his arrival, Pakistan’s Prime Minister had expressed his resolve to take bilateral trade between the two countries to $5 billion annually. — ERMD

Over 19 researchers awarded grants by Pharmevo Research Forum

on 02/02/2023

Over 19 researchers and healthcare professionals have been awarded research grants up to Rs300,000 each by the Pharmevo Research Forum.
They will conduct research in areas of pediatrics, diabetes, hypertension, cardiology, endocrinology, gynecology, orthopedics, infectious diseases, etc.
The researchers have assumed a timeline to complete their studies within 18 months of receiving the research grants.
Known health professional Prof Saeed Hamid, Director of Clinical Trials Unit at Aga Khan University told a research conference that around 80-90 percent of Pakistani Hepatitis C patients are infected with Genotype-3 of the HCV, which is very difficult to treat but unfortunately, most of the data on this genotype comes from the Western world as we don’t have enough data and research on this genotype because Pakistan is not a conducive place for clinical trials and research,” Prof Saeed Hamid deplored.
Congratulating the winners of research grants, Prof Saeed Hamid said these researchers should also strive for international research grants and also called for a consortium of clinical trials units working across the country to come up with quality research and data on local issues.
A team of advisors who are prominent healthcare professionals including Prof Anwar Siddiqui, Prof Badar Fayyaz Zuberi, Prof Feroz Memon and others has short-listed and approved the research projects for the award of grants.
He said It was heartening that the pharmaceutical industry was supporting the research and others should follow this precedent.n

Approaches of Machine Learning under Artificial Intelligence Engr. Dr. Muhammad Nawaz Iqbal

on 02/02/2023

Machine learning in today’s world has two goals: one is to classify data using established models, and the other is to generate predictions about future outcomes using these models. To train a hypothetical algorithm for classifying data, it could employ computer vision of moles combined with supervised learning to detect malignant moles. Machine learning arose from the search for artificial intelligence as a scientific pursuit. Some academics were interested in making machines learn from data in the early days of AI as an academic topic. They tried different symbolic methods as well as what was then referred to as “neural networks,” which were largely perceptron’s and other models that were subsequently discovered to be reinventions of generalized linear models of statistics.
Machine learning, which was restructured as a separate field in the 1990s, began to develop. The goal of the field shifted from artificial intelligence to practical problems that could be solved. It switched its focus away from the symbolic approaches it had received from AI and toward statistics and probability theory methodologies and models. Many learning issues are phrased as the minimizing of a loss function on a set of data instances, which relates machine learning to optimization. The gap between the model’s predictions and the actual problem occurrences is expressed by loss functions. In terms of methodologies, machine learning and statistics are similar, but their main goals are different: statistics derives Inferences about the population based on a sample, whereas machine learning looks for generalizable predictive patterns.
Supervised learning algorithms create a mathematical representation of a set of data including both the inputs and the outputs that are sought. The information is referred to as training data, and it consists of a collection of training instances. There are one or more inputs in each training example a supervisory signal as the desired output. Each training sample is represented by an array or vector, sometimes referred to as The training data is represented by a matrix, and the feature vector is a feature vector. in the mathematical model.
Unsupervised learning methods take a collection of data with only inputs and detect structure in it, such as data point grouping or clustering. As a result, the algorithms learn from unlabeled, unclassified, and uncategorized test data. Unsupervised learning algorithms discover commonalities in the data and react depending on the existence or lack of each new piece of art, there are such commonalities in data, rather than responding to feedback.
Reinforcement learning is a branch of machine learning that studies how software agents should behave in a given environment in order to maximize some metric of cumulative reward.
The technique of lowering the amount of random variables that are taken into account by generating a set of primary variables is known as dimensionality reduction. In other words, it’s a method for lowering the size of the feature set, also known as the “number of features.” The majority of dimensionality reduction approaches fall into one of two categories: feature deletion or extraction.
In 1982, As a machine learning paradigm, self-learning was introduced. proposed, coupled with the crossbar adaptive array, a neural network capable of self-learning (CAA). It is a type of learning in which there are no external rewards or teacher recommendations. The self-learning algorithm CAA computes both actions and emotions (feelings) in consequence scenarios in a crossbar fashion.
Several learning algorithms are aimed at discovering more accurate representations of the training inputs. Principal component analysis and cluster analysis are two well-known examples. Feature learning algorithms, also known as representation learning algorithms, try to conserve the information in their input while also transforming it in a useful fashion, usually as a pre-processing step before doing classification or prediction.n

IMS Electric participates in Schneider’s ‘Digital, the Path to
the Sustainable Future’ moot

on 02/02/2023

How emerging technologies and their fast application influence the world around us are evident from the fact that every business moot has crystal clear glimpses of it. So is in the case of Schneider Electric’s Innovation Summit Middle East & Africa held on May 18-19th in Dubai, UAE.
The theme of the summit was ‘Digital, the Path to the Sustainable Future’—a
very well attended moot that knew about a greener future and unlocking of new business opportunities.
Schneider transmitted a strong message saying: Together, we can redefine the boundaries of efficiencies by transforming the way you approach your business via digitization and redefining our partnerships through open ecosystems and software integration.
From Pakistan, a team of IMS Electric participated in the summit with positive and progressive inputs for the moot.
The participants expected to be able to future-proof their organizations through digitization; engaged with business leaders, subject matter experts, and change-makers to discover the future of energy management and automation for their business.
A team of leaders as featured speakers was in the summit. They included Luc Remont, Executive VP, International Operations, Schneider Electric, Walid Sheta,
Zone President MEA, Schneider Electric, Amel Chadli, VP, Digital Energy, New Energy Landscape and Energy Management Software for MEA, Schneider Electric, Mike Jamieson, Global Segment President – Consumer Packaged Goods, Schneider Electric, Stuart Clarke, Associate Director, Arup, Ross Smith, Digital Grid Regional Sales Director, EMEA, Schneider Electric and Michael Cacciari, Global Leader Business Value Consulting, AVEVA.
The business leaders heard the latest trends in digital innovation, technology shaping the future of energy management, and the path to a sustainable future.n

Saman-e-Shifa Foundation, MUET join hands
Joint development of medical devices and equipment agreed upon

on 02/02/2023

Saman-e-Shifa Foundation (SSF) and Mehran University of Engineering & Technology (MUET), Jamshoro have signed a Memorandum of Understanding aimed at Integrating and making a collaboration bridge/Link between Industry & Academia for an international standards (medical devices and equipment) Products globally acceptable by the medical Industry/commercial Market.
The product will be designed, developed, and manufactured through R&D, indigenization, TOT, and reverse engineering projects.
The products will be developed and manufactured by combined projects of university faculty, students, renowned independent researchers, and industry to have a strong sustainable industrial base in Pakistan for export of all types of biomedical devices and equipment. Prof. Dr. Tauha Hussain Ali, Vice Chancellor MUET joined as the chief guest of the event and was coordinated by Prof. Dr. Bhawani Shankar Chowdry Professor Emeritus / Advisor MUET, Jamshoro.
Prof Dr Syed Shahid Noor, President SSF signed the MOU on behalf of SSF.n