May 28, 2023 – Pakistan News Express

May 28, 2023

ROSEN, A LEADING LAW FIRM, Encourages First Republic Bank Investors with Losses Over $2MM to Secure Counsel Before Important Deadline in Securities Class Action – FRC, FRC-PI, FRC-PH, FRC-PJ, FRC-PK, FRC-PL, FRC-PM, FRC-PN

NEW YORK, May 28, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of First Republic Bank (NYSE: FRC, FRC-PI, FRC-PH, FRC-PJ, FRC-PK, FRC-PL, FRC-PM, FRC-PN) between January 14, 2021 and March 14, 2023, both dates inclusive (the “Class Period”), of the important June 23, 2023 lead plaintiff deadline.

SO WHAT: If you purchased First Republic securities 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 First Republic class action, go to https://rosenlegal.com/submit-form/?case_id=13005 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 June 23, 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 litigate 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, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about First Republic’s business, operations, and prospects. Specifically, defendants: (1) misrepresented the strength of First Republic’s balance sheet and liquidity position; (2) understated the significant pressure rising interest rates posed to First Republic’s business model; (3) misrepresented the strength of First Republic’s ability to deliver consistent results across different interest rate environments; (4) misrepresented the diversity of First Republic’s deposit funding base; and (5) misrepresented First Republic’s ability to generate net interest income (“NII”) growth and maintain stable net interest margin (“NIM”). When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the First Republic class action, go to https://rosenlegal.com/submit-form/?case_id=13005 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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/.

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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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 8847801

May 28, 2023

GWGHQ DEADLINE NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages GWG Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GWGHQ

NEW YORK, May 27, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of GWG Holdings, Inc. L Bonds or Preferred Stock of GWG (“GWG securities”) (OTC: GWGHQ) between December 23, 2017 and April 20, 2022, both dates inclusive (the “Class Period”), of the important June 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased GWG securities 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 GWG class action, go to https://rosenlegal.com/submit-form/?case_id=14048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 June 2, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) they intended to misappropriate GWG assets; (2) GWG’s life insurance investment business had failed; and (3) GWG could only repay prior investors by issuing increasing amounts of securities to new investors. In essence, defendants had turned GWG into a Ponzi scheme. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GWG class action, go to https://rosenlegal.com/submit-form/?case_id=14048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

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.

Contact Information:

GlobeNewswire Distribution ID 8847793

May 28, 2023

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Fulcrum Therapeutics, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – FULC

NEW YORK, May 27, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fulcrum Therapeutics Inc. (NASDAQ: FULC) between March 3, 2022 and March 8, 2023, both dates inclusive (the “Class Period”), of the important June 27, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Fulcrum securities 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 Fulcrum class action, go to https://rosenlegal.com/submit-form/?case_id=15766 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 June 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the preclinical data submitted in support of FTX-6058 (a prospective drug for the potential treatment of sickle-cell disease) showed safety concerns regarding potential hematological malignancies; (2) the foregoing safety concerns increased the likelihood that the FDA would place a clinical hold on preclinical studies of FTX-6058; (3) accordingly, Fulcrum had overstated FTX 6058’s clinical and/or commercial prospects; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Fulcrum class action, go to https://rosenlegal.com/submit-form/?case_id=15766 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

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.

Contact Information:

GlobeNewswire Distribution ID 8847787

May 28, 2023

Pakistan’s Anti-Narcotics Force Foiled Bids To Smuggle Over 844 Kg Drugs

Pakistan’s Anti-Narcotics Force (ANF), said yesterday that, it had foiled four separate bids, to smuggle over 844.5 kg of drugs in total, in the country.

According to a statement, the ANF launched four operations in different areas of the country, and arrested four smugglers besides seizing the drugs.

In one of the operations, the ANF, acting on an intelligence tip-off, conducted a raid and foiled an attempt to smuggle drugs from the south-western provincial capital of Quetta, to the southern province of Sindh.

An ANF team chased a pickup vehicle, bearing a fake official identification and recovered 700 kg hashish and arrested a driver, who was wearing a fake official uniform, said the statement.

The anti-narcotics police have registered separate cases against the accused and launched investigations to trace drug networks

Source: Nam News Network

May 28, 2023

Three Killed In Clash On Iran-Afghanistan Border

Two Iranian border guards and one Taliban fighter were killed, during armed clashes, near a border police station between Iran and Afghanistan, yesterday.

The two sides accused each other of opening fire first, yesterday morning, near the police station, on the border of Iran’s Sistan and Baluchestan province, and the Afghan province of Nimroz.

The reason for the skirmish is not known yet, and the Iranian Embassy in Kabul and Afghanistan’s Taliban-run acting Ministry of National Defence have started correspondence and phone calls, to investigate the cause of the tension.

The conflicts also led to the injuries of several others from both sides, including civilians.

According to Iran’s semi-official Tasnim news agency, the two sides used “light and semi-light weapons and artillery” against each other, but no missile was employed by the Iranian side, as claimed by some “false” reports.

The clashes came, as tensions between the two neighbours escalated during the past weeks, over Iran’s “unpaid” water share from the Hirmand River, known as Helmand in Afghanistan, under a 1973 treaty between Tehran and Kabul, that entitles the former to receive 820 million cubic metres of water from the river per year.

In remarks on Thursday, Iranian Foreign Minister, Hossein Amir-Abdollahian, said that, his country does not recognise Afghanistan’s caretaker Taliban government, and insists upon the formation of an inclusive government in the country.

The Taliban government also issued a statement last week, saying, Iran’s frequent requests for water and “inappropriate” comments on media are “harmful,” adding, it is committed to the 1973 treaty

Source: Nam News Network

May 28, 2023

Cabinet Approves New Directors on Universal Service Fund Board

The federal cabinet has approved new directors on the Universal Service Fund (USF) Company Board including three from the private sector for the development of telecommunication services across the country.

According to the summary approved by the Cabinet, Secretary Ministry of Information Technology and Telecommunication will be the chairman of the USF Board, while the Chairman of Pakistan Telecommunication Authority (PTA), Member Telecom (Ministry of IT), legal expert Sofia Saeed (Independent), financial expert Ayla Majid (Independent), telecom expert Muhammad Yousuf (Independent), PTCL CEO Hatem Bamataraf, Zong CEO Wang Hua and the USF CEO have also been included in the board as members.

The USF Company was established under Section 33A of the Pakistan Telecommunication (Re-organization) Act, 1996 for the provision of telecom services in unserved and underserved areas of the country. The Fund comprises contributions from telecom operators and is utilized through the USF Company established by the Federal Government under Section 42 of the Companies Ordinance, 1984 (now Companies Act, 2017).

Source: Pro Pakistani

May 28, 2023

Study Calls for Further Hike in Taxes on Tobacco Products

The prevalence of tobacco use in Pakistan has reached alarming levels, with approximately 31 million adults, or about 19.7 percent of the adult population, currently consuming tobacco products.

In a recent study titled “Raising Tobacco Tax Rates to Promote Public Health and Increase Revenue,” it was revealed that tobacco use resulted in an estimated 337,500 deaths in 2022 alone. The burden falls disproportionately on poorer households, as they spend a larger proportion of their budget on tobacco, thereby leaving less room for essential needs.

The consequences of this habit have severe implications for both public health and the economy, as tobacco use remains the leading cause of death due to non-communicable diseases (NCDs) such as cancer, chronic respiratory diseases, and cardiovascular ailments.

One concerning trend identified in the study is the affordability of cigarettes, which has increased due to low tobacco taxes and the absence of tax hikes from July 2019 till February 2023. The average excise tax rate in Pakistan stands at around 45 percent of the retail price, falling short of the widely accepted benchmark of 70 percent. The researchers found that raising excise taxes on cigarettes by 30 percent would lead to a reduction of 200,000 smokers and increase excise tax revenue by at least 25 percent.

Raising taxes on tobacco products through excise tax increases has been proven as the most effective method to reduce tobacco use. Higher prices act as a deterrent for youth initiation and encourage current smokers to quit.

The study recommended raising tobacco excise to Rs. 154 for low-price cigarettes and Rs. 385 for high-price cigarettes. This policy change would result in 200,000 fewer smokers, a 1.2 percent reduction in smoking prevalence among adults, a 1.23 percent reduction in smoking intensity among adults, the saving of 200,000 lives, and an additional total FED revenue of Rs. 27.4 billion—an increase of at least 25 percent.

Addressing the issue of tobacco use in Pakistan requires urgent action from the government to prioritize public health and generate additional revenue. By implementing these recommended policy changes, the country can make significant progress in curbing the detrimental effects of tobacco consumption, saving lives, and securing a healthier future for its citizens, the study added.

Source: Pro Pakistani

May 28, 2023

Price of Gold in Pakistan Posts Slight Increase in Outgoing Week

The price of gold remained largely stable in the outgoing week and registered an increase of Rs. 900 per tola.

According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) went up by Rs. 450 per tola to Rs. 236,200 while the price of 10 grams saw an increase of Rs. 385 to close at Rs. 202,503 on Saturday.

The week started with an increase of Rs. 2,000 per tola on Monday before going down by Rs. 100 per tola on Tuesday. The price jumped again on Wednesday and rose by Rs. 600 per tola which was followed by a decrease of Rs. 1,800 per tola on Thursday and Rs. 250 per tola on Friday.

Saturday’s increase means that, cumulatively, the price of gold registered an increase of Rs. 900 per tola during the outgoing week. In the previous week, the price of gold had increased by Rs. 1,300 per tola.

With three sessions to go in the current month, the price of the precious metal has surged by over Rs. 16,000 so far in May.

Source: Pro Pakistani