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Friends Afar: How do Chinese scientists grow soybeans in Pakistan?

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HONG KONG, March 21, 2025 /PRNewswire/ — A report from chinadailyhk.com

Hafiz Mamoon Rehman, born in a small village in Pakistan’s Punjab province, grew up surrounded by golden wheat and cotton as white as snow. Unlike the generations before him who toiled the land, he chased academic excellence and sought knowledge beyond the familiar terrain of his homeland.

“Agriculture is food for poor countries,” he says.

Rehman’s journey led him to the fields of biotechnology, where he grappled with the intricacies of herbicide resistance and genetically modified wheat. In 2016, while pursuing his doctorate at Chonnam National University in South Korea, he chose soybeans as the subject of his long-term research.

He cast his resume into the world, reaching out to soybean experts across the globe. It was a message from Professor Lam Hon-ming of the Chinese University of Hong Kong’s School of Life Sciences that set the stage for what was to come.

Lam, a prominent expert in agricultural science, has decoded the genomes of 31 soybean varieties and bred non-genetically modified germplasms that are tolerant to drought and salinity. He was also the first researcher from Hong Kong to participate in a national-level space agricultural research project.

Two years later, Rehman joined Lam’s lab, completing a successful three-year postdoctoral stint. Hong Kong became a dream for him, a place where he built up a family and memories, including the birth of his child at Prince of Wales Hospital.

Yet, despite the allure of the vibrant city, Rehman never lost sight of his goal — returning home and using his knowledge to help his people. “Hong Kong has a better life. But I think if you really want to serve the farmer community, you should come to some agricultural country and serve.”

Sowing hope

After years of growth and learning, Rehman became a beacon of hope at the University of Agriculture Faisalabad, developing local soybean varieties suited for the conditions in Pakistan.

Pakistan, primarily an agrarian nation, faces challenges due to limited crop diversity and the adverse effects of climate change. With most of its agricultural land dedicated to five traditional crops and suffering from low soybean yield and quality, the country relies heavily on soybean imports for animal feed, unlike China’s familiarity and consumption of soy products.

United Nations Secretary-General Antonio Guterres labeled Pakistan as one of the countries most severely affected by climate change — a fact not lost on Rehman as he sought to introduce soybeans as a sustainable crop in his homeland.

Professor Iqrar Ahmad Khan, vice-chancellor of the University of Agriculture Faisalabad, explains that Pakistan spends up to $2 billion annually importing around 300,000 metric tons of soybeans. “What’s important now is to bring in soybean as a mainstream green crop.”

Achieving this goal meant finding the right seeds, and that’s where Lam’s expertise came into the picture. He had already cultivated the Longhuang soybean series in northwestern China’s Gansu province, which is known for its high yield and quality, even in arid and saline conditions.

In 2023, Lam, for the first time, visited Pakistan, taking with him a branch of seeds. Unlike the Longhuang series, what Lam prepared for Pakistan are genetically unstable soybean seeds, still undergoing change, with the hope of developing a variety that could thrive in the local environment.

In March 2024, the news of a terror attack targeting a Chinese construction project in Pakistan’s Cape province sent shock waves across the globe. The incident raised serious concerns for Lam and his team’s upcoming visit.

Departure and arrival

Although the attack loomed large over the trip, members of Lam’s team, including agricultural scientists, engineers and seed experts from Hong Kong and the Chinese mainland, alongside a group of Pakistani students from two Hong Kong secondary schools, were not deterred, converging on Hong Kong International Airport in early May.

Lam said he hopes these students could observe their homeland from a different perspective and understand the connection between Hong Kong and Pakistan.

After a 10-hour flight and a layover, Lam and his team touched down in Lahore amid tight security. The trip, meant to be a straightforward agricultural exchange, nowrequired navigating a complex security landscape.

Punjab, Pakistan’s breadbasket, was the destination — a province with more than 100 million people and the most developed agricultural sector in the country.

“Introducing soybeans to Punjab is not an easy task,” says Rehman, noting the crop’s novelty to local farmers. In the following days, Rehman and Lam’s team visited various villages, encountering soybean plots tucked away among cornfields, coriander, and winter melons, or nestled within vast sunflower expanses.

Zhang Guohong, a retired expert from Gansu Academy of Agricultural Sciences, bridged language barriers through his extensive agricultural knowledge, communicating with local farmers about irrigation, fertilization, and cultivation techniques.

The high temperatures of Punjab, edging close to 50 degrees C, posed a significant challenge. “The extremely hot weather almost melted everything,” Zhang says.

But the resilient seeds provided by Lam sprouted, offering a glimmer of hope. “I used to give them seeds that were already stable. This year, I brought new seeds that are still changing. It’s only by starting from a seed and struggling together that they can develop new varieties that truly belong there,” says Lam.

As the Chinese saying goes — “Give people fish and you feed them for a day. Teach them how to fish and you feed them for a lifetime,” Lam shared this Chinese philosophy through action.

Backbone of life

China, with only 9 percent of the world’s arable land and 6 percent of its freshwater resources, has sustained nearly one-fifth of the global population.

Over the past 75 years, the average disposable income of rural residents has soared from mere single digits to impressive five-digit figures, and nearly 100 million rural inhabitants have lifted themselves out of poverty, achieving the United Nations’ 2030 Agenda for Sustainable Development’s poverty reduction targets a decade ahead of schedule.

Lam, a 64-year-old agricultural scientist, has witnessed and contributed to the country’s reforms and development in rural areas, saying China’s experiences in rural revitalization in the past decade or so have provided valuable lessons for other developing countries.

Official data show that China has dispatched over 2,000 agricultural experts and technicians to more than 70 countries and regions worldwide. These professionals have promoted over 1,500 agricultural techniques, advancing rural poverty alleviation, modern agricultural development, and increased income for farmers in Asia, Africa, the South Pacific, Latin America and the Caribbean.

At the University of Agriculture Faisalabad, Professor Iqrar Ahmad Khan points out that the institution has signed over 50 cooperation agreements with numerous Chinese universities and research institutions. By the end of 2023, there were about 28,000 Pakistani students in China, forming one of the largest groups of foreign students in the country.

Rehman, of course, had strong ties with China as well. He showed the shirt he was wearing, saying it was a commemorative T-shirt given to him during a previous agricultural inspection in Hainan province, with a Chinese logo printed on it.

And this time, the seeds from Hong Kong, China, did not disappoint him.

About 3.5 hectares have been planted with soybeans that are anticipated to produce an impressive yield of 2,500 kilograms per hectare come summer. Additionally, Rehman witnessed a breakthrough three months into planting, with the soybeans evolving  positively towards a locally adapted variety.

Lam’s visit was more than an exchange of seeds — it was a transfer of knowledge and a gesture of friendship.

The collaboration between China and Pakistan in agricultural development highlighted the enduring bonds between the two nations, tracing back to the ancient Silk Road and flourishing under the modern Belt and Road Initiative.

“Building international friendships, connecting people at the grassroots level, and using science to help those in need have always been the core values of our Hong Kong team,” says Lam.

Agriculture, at its core, is about nurturing life and sustaining communities. It’s the embodiment of tireless work and the pursuit of innovations that can weather the storms of a changing world. For Lam and his team, it’s about sharing the fruits of their labor, not just in China, but across the globe.

Their work continues beyond Pakistan, from developing drought-tolerant soybeans in South Africa to studying space-bred Longhuang seeds that traveled with the Shenzhou spacecraft. The soybean journey is just the beginning and with it, the narrative of a burgeoning world of sustainable agriculture unfolds, a story that Lam and Rehman continue to write with each seed they plant.

“My kids are also living in the village, just like me. So, they would know how farmers grow food and how to help others,” Rehman says.

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SOURCE chinadailyhk.com

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Great Place To Work names Invisors on the 2026 Best Workplaces for Women List, Ranking no.65

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Invisors named a UK’s Best Workplaces for Women™!

GLASGOW, Scotland, July 24, 2026 /PRNewswire/ — Invisors, a Workday Services Partner has officially been recognized as one of UK’s Best Workplaces for Women 2026™, in 65th place out of the 350 ranked organisations.

Invisors’ values and culture are among the reasons women at our organisation say it is a great place to work. Discover how the team brings this philosophy to life at invisors.com/company-overview.

The 2026 UK’s Best Workplaces for Women list is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 350 companies on the list are committed to ensuring a reasonable balance of women and men across the organisation; removing barriers to women’s career advancement; and creating workplaces where all employees, regardless of gender, can flourish.

“I’m incredibly proud to see Invisors recognized as a Top Place for Women to Work. This award reflects the culture we’ve built together—one that values inclusivity, flexibility and empowerment. It’s a place where people are supported to bring their whole selves to work, grow their careers and strive for excellence every day.” Jennifer Donnelly-Corbett, EMEA Manager, HCM and Absence at Invisors.

Benedict Gautrey, Managing Director of Great Place To Work UK says:

“This year’s UK’s Best Workplaces for Women list celebrates businesses making a genuine difference day to day, not just in what they say, but in how people experience work. What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued, and able to grow.

Our research demonstrates that these organisations creating high-trust environments deliver stronger results, whether in financial outcomes, impact, or service delivery, alongside greater agility and resilience in the face of change.

Congratulations to Invisors for creating an environment where inclusion is clearly felt in practice.” 

Matt Smith, Managing Director, Global HR Operations, Invisors “Being named as one of the UK’s Best Workplaces for Women list is an achievement because it reflects what our people actually experience, not just what we aspire to. We’ve worked to build an environment where career growth and success aren’t something women have to fight for — it’s built into how we operate. This recognition is a great step in the journey, not the finish line, and we’re committed to keeping that bar high as Invisors grows within the UK.”

About Invisors

As a certified Workday Services Partner, Invisors helps clients leverage their organisational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. To learn more, visit invisors.com

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, helping organisations to create exceptional, high-performing workplaces where employees feel trusted and valued. The UK’s Best Workplaces for Women™ enables these outstanding organisations to celebrate their achievements, build their employer brand, and inspire others to take action. For more information, visit www.greatplacetowork.co.uk.

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SOURCE Invisors

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Auction Direct USA in Raleigh, NC, Makes It Easy to Shop for Used Vehicles Online

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RALEIGH, N.C., July 24, 2026 /PRNewswire/ — Auction Direct USA in Raleigh, NC, helps shoppers browse used-vehicle inventory, compare options, and complete key steps of the buying process online for a faster, more convenient shopping experience.

Auction Direct USA in Raleigh, NC, is simplifying the used vehicle shopping experience by offering convenient online tools that help drivers browse inventory, compare options, and begin the purchasing process from the comfort of home.

With a user-friendly website, shoppers can explore an extensive selection of used cars, trucks, and SUVs that fit a variety of budgets and lifestyles. Detailed vehicle listings provide important information, including photos, key features, specifications, pricing, and availability, allowing customers to make informed decisions before visiting the dealership.

The online platform also makes it easy to narrow vehicle choices using search filters for make, model, body style, price range, mileage, model year, and other preferences. These features help shoppers quickly find vehicles that meet their individual needs while saving valuable time.

In addition to browsing inventory, customers can use several digital shopping tools to streamline the buying process. Visitors can estimate monthly payments, value a trade-in, complete a finance application, and schedule a test drive online. These resources allow shoppers to prepare for their dealership visit with greater confidence and convenience.

Auction Direct USA in Raleigh, NC, regularly updates its online inventory, giving customers access to fresh vehicle selections as they become available. Whether someone is searching for a dependable commuter car, a family-friendly SUV, or a capable pickup truck, the website provides an efficient way to explore available options before stepping into the showroom.

The dealership remains committed to delivering a straightforward, customer-focused buying experience by combining a wide range of high-quality used vehicles with digital tools that simplify every stage of the shopping journey.

Drivers looking to begin their search can visit Auction Direct USA in Raleigh, NC, or browse the current inventory online to compare vehicles and take advantage of convenient shopping resources before visiting the dealership in person.

About Auction Direct USA in Raleigh, NC

Auction Direct USA in Raleigh, NC, offers a diverse inventory of quality used cars, trucks, and SUVs to meet a wide range of driving needs and budgets. By combining a customer-focused approach with convenient online shopping tools, the dealership helps make finding and purchasing a used vehicle simple, efficient, and enjoyable.

Media Contact: Tony Kicinski, 844-678-8048, tonyk@auctiondirectusa.com

 

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SOURCE Auction Direct USA

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FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

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Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank’s Strong Capital Position and Commitment to Long-Term Shareholder Value

HICKSVILLE, N.Y., July 24, 2026 /PRNewswire/ — Flagstar Bank, N.A. (NYSE: FLG) (the “Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar’s long-term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time.

“We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long-term value for our shareholders.”

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position and financial performance, accounting and regulatory considerations, and general market conditions.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders’ equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the “Reorganization”), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “confident,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position, and financial performance, accounting and regulatory considerations, as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management’s attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC’s website at www.occ.gov, and on the SEC’s website at www.sec.gov.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

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SOURCE Flagstar Bank, N.A.

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