Day: February 17, 2023

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ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Gemini Earn Program Investors to Secure Counsel Before Important Deadline in Securities Class Action Against Gemini Trust Company, LLC, Tyler Winklevoss, and Cameron Winklevoss

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds investors in Gemini interest accounts (“GIAs”), through a program called “Gemini Earn,” between February 2, 2021 and December 27, 2022, inclusive (the “Class Period”) of the important February 27, 2023 lead plaintiff deadline.

This case is against Gemini Trust Company, LLC, Tyler Winklevoss, and Cameron Winklevoss (together, “Defendants”).

SO WHAT: If you invested in Gemini Earn during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Gemini class action, go to https://rosenlegal.com/submit-form/?case_id=11066 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 27, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Gemini made actionable misstatements that deceived investors by touting Gemini Earn as a safe method of storing crypto assets and collecting interest payments and that Gemini omitted and concealed significant information concerning the risks associated with Gemini Earn, including information concerning its so-called partner and borrower in connection with the program, Genesis Global Capital, LLC. Also according to the lawsuit, Defendants violated securities laws because Gemini failed to register as an exchange and/or broker-dealer and offered and sold unregistered securities without providing registration statements for such securities, which would have apprised investors of the risks and other important information associated with their investments.

To join the Gemini class action, go to https://rosenlegal.com/submit-form/?case_id=11066 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8751929

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ICCI and PM Youth Program sign MoU to foster youth entrepreneurship

Islamabad, February 17, 2023 (PPI-OT):A Memorandum of Understanding (MoU) signing ceremony was held in the Prime Minister’s Office. Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry and Deputy Secretary on Youth Affairs Dr. Ali Malik signed the MOU to promote youth entrepreneurship in Pakistan.

Special Assistant to the Prime Minister on Youth Affairs, Ms. Shaza Fatima Khawaja, Senior Vice President ICCI, Faad Waheed, Khalid Iqbal Malik, Zafar Bakhtawari, Ch. Javed Iqbal, Sheikh Muhammad Ijaz, Maqsood Tabish, Raja Imtiaz, Khalid Chaudhry, Saif ur Rehman Khan, Muhammad Waqas Khan and others were also present at the ceremony. Speaking on the occasion, Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry said that this partnership is essential for fostering a culture of entrepreneurship in youth and promoting economic growth in the country.

He said that through this MOU, the two organisations can work together to identify and support talented young individuals with innovative ideas, offering them training, mentorship, access to resources and funding to turn their ideas into successful businesses. He said that by nurturing the young businessmen and women and providing them with the tools they need to succeed, ICCI and PM’s Youth Programme can help to create jobs, drive innovation, and boost economic development in the country.

Faad Waheed, Senior Vice President ICCI said that youth is over 60 percent of our population and every year, thousands of youngsters are coming out of universities. He said that it is not possible for the government to provide jobs to all youngsters and the best way to engage them in productive activities is to foster a culture of entrepreneurship in them. He hoped that MoU between ICCI and PM’s Youth Program would produce beneficial outcomes for youth.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1, Islamabad, Pakistan
Tel: +92-51-2250526, 2253145, 8432676
Fax: +92-51-2252950
Email: icci@brain.net.pk, info@icci.com.pk
Website: www.icci.com.pk

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Pakistan cannot develop without getting rid of elites

Islamabad, February 17, 2023 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said development and poverty reduction is impossible in Pakistan unless the country is out of the shackles of the elite. It is very difficult to counterbalance the elite because a large number of them have joined politics and other influential areas to protect themselves and their communities and reap undue benefits which amount to looting the poor, it said.

The entry of the elite into politics has strengthened their grip on the system and they are plundering the resources meant for the masses, said Dr. Murtaza Mughal, President of the PEW. He said that the United Nations had issued a report in April 2021 according to which the elites who control Pakistan’s resources are getting undue benefits worth 17.4 billion dollars annually.

Those who are robbing the nation include businessmen, politicians, landlords, and some other groups, he added. Dr. Murtaza Mughal said that according to this report of the United Nations Development Program, an annual benefit of 17.4 billion dollars is being given to the elites, which is six percent of Pakistan’s GDP.

This systematic plunder of resources is increasing anxiety and poverty in the country and no one is doing anything to reduce it. The report says that the biggest benefit is taken by the corporate sector with a size of 4.7 billion dollars followed by the richest of the country which is 1.1 percent of the population that owns nine percent of the capital, while twenty percent of the rich own 49.6 percent of the resources.

Large landowners constitute 1.1 percent of the population but they own twenty-two percent of agricultural land, he informed. The United Nations report does not mention amnesty schemes, packages, and other initiatives through which the elite siphons off hundreds of billions of rupees every year. He said that currently, the government is taking strict measures on the orders of the IMF to stabilize the limping economy. The government measures are again targeted towards the poor avoiding any trouble with the powerful elite.

For more information, contact:
President,
Pakistan Economy Watch (PEW)
402, 4th Floor, Gulistan Khan House, Fazal-e-Haq Road,
82-East, Blue Area, Islamabad
Tel: +92-51-2510375
Fax: +92-51-2802449
Cell: +92-321-5157671
Email: president@pakistaneconomywatch.com
Web: www.pakistaneconomywatch.com

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Exercise Spears of Victory, 2023 concludes at Air War Centre Dhahran in Saudi Arabia 

Islamabad, February 17, 2023 (PPI-OT):A contingent of Pakistan Air Force (PAF) participated in Exercise Spears of Victory, 2023 which has concluded at Air War Centre Dhahran in Saudi Arabia. The PAF contingent consisted of pride of Pakistan, JF-17 Thunder and F-16 aircraft which roared in the aerial boundaries of our Muslim brethren country while participating in the exercise.

The exercise also witnessed participation of modern fighter jets and support elements from PAF and friendly countries. Deputy Chief of the Air Staff Air Marshal Abdul Moeed Khan witnessed the closing ceremony of the exercise and appreciated the efforts of PAF contingent for making the exercise a great success.

While interacting with the air and ground crew he said existing global security scenario coupled with the evolving dynamics of air warfare calls for an enhanced partnership between Pakistan and friendly countries. He said international and regional strategic situation is undergoing profound changes with growing complexity in security environment and such exercises provide an opportunity to enhance interoperability in the face of shared challenges.

The third version of the exercise started in the Eastern Region of Saudi Arabia during the first week of February. Besides, the host country, Saudi Arabia, Air Forces from Bahrain, Greece, Jordan, Pakistan, Qatar, UK and USA took part in the event. The exercise aimed at providing an opportunity to enhance interoperability with participating countries. In addition to fostering military relations, the exercise also provided a platform to practice integrated employment of combat and combat support assets along with formulation/validation of tactics against contemporary threats.

The scenario contained a high number of offensive and defensive complex training missions with presence of electronic warfare and air defence systems supplemented with the presence of aggressive fighter aircraft to simulate enemy capabilities. The exercise profoundly enhanced the operational capability, tactical maneuvering skills, the concept of joint employment, alliance-building among friendly countries and war-time preparedness of the participating air and ground crew.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk

The post Exercise Spears of Victory, 2023 concludes at Air War Centre Dhahran in Saudi Arabia  appeared first on AsiaNet-Pakistan.

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Foreign Secretary received the U.S. Department of State Counsellor, Mr. Derek Chollet 

Islamabad, February 17, 2023 (PPI-OT):Foreign Secretary, Dr. Asad Majeed Khan, received U.S. Department of State Counsellor Derek Chollet at the Ministry of Foreign Affairs yesterday. Welcoming Counsellor Chollet, the Foreign Secretary stated that the frequent bilateral visits were a manifestation of the positive trajectory of the Pakistan-U.S. relationship.

The Foreign Secretary expressed satisfaction on the second Mid-Level Defence Dialogue and the upcoming Trade and Investment Framework Agreement (TIFA) Council meeting in Washington D.C. He emphasized the importance of sustained cooperation through the institutionalized dialogues in trade and investment, energy, security, climate change and health. He stressed the need to expand cooperation in Agriculture, Education, IT, and Science and Technology.

Counsellor Chollet reaffirmed that the United States was committed to advancing the bilateral relationship. He expressed U.S. solidarity and support with Pakistan and its people in recovery from the 2022 floods. The Foreign Secretary thanked the Counsellor for U.S. support and hoped to remain engaged in the long-term recovery and rehabilitation efforts.

Counsellor Chollet was accompanied by Clinton White, Counsellor of the United States Agency for International Development, Ambassador Donald Blome and Elizabeth Horst, Principal Assistant Secretary for the Bureau of South and Central Asian Affairs at the U.S. Department of State.

For more information, contact:
Spokesman,
Ministry of Foreign Affairs
Government of Pakistan
Tell: +92-51-9205494
Fax: +92-51-9204202
Cell: +92-336-5644459
Website: www.mofa.gov.pk

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Govt taking steps to provide conducive environment to foreign investors: Baligh

Punjab Governor Muhammad Baligh-ur-Rehman says government is taking measures to provide conducive environment to foreign investors.

He stated that during a meeting with delegation of Overseas Pakistanis associated with famous American Textile brand Dillard at Governor House in Lahore on Friday.

He said that Pakistan textile product has special place in markets due to their quality. He said employment opportunities will be increased through foreign investment in the textile sector.

Source: Radio Pakistan

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GB cabinet approves to appoint 4000 teachers in colleges, schools

The meeting of the Gilgit-Baltistan cabinet was held in Gilgit, Chief Minister Khalid Khursheed in the chair approved the Local Self-Governance Act.

Cabinet decided that Tehsil, Union and District Councils will be given ample resources and powers to solve local problems so that people’s problems are solved at their doorsteps.

The cabinet approved Gilgit-Baltistan Town Planning and Building Control Regulations 2022, Financial and administrative restructuring of Gilgit-Baltistan Waste Management Company.

The meeting also approved to appoint four thousand teachers in colleges and schools.

Source: Radio Pakistan

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Justice retired Malik Muhammad Qayyum passes away in Lahore

Justice retired Malik Muhammad Qayyum passed away in Lahore on Friday. He was 79.

Prime Minister Muhammad Shehbaz Sharif has expressed deep grief and sorrow over the death of Justice (Retd) Malik Muhammad Qayyum.

In a statement, he expressed sympathy and condolences to the family of Justice (Retd) Malik Qayyum.

Source: Radio Pakistan