Day: June 8, 2023

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Edgio, Inc. f/k/a Limelight Networks, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – EGIO, LLNW

NEW YORK, June 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Edgio, Inc. f/k/a Limelight Networks, Inc. (NASDAQ: EGIO, LLNW) between February 11, 2021 and March 12, 2023, both dates inclusive (the “Class Period”), of the important June 26, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Edgio 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 Edgio class action, go to https://rosenlegal.com/submit-form/?case_id=13174 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 June 26, 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 and/or failed to disclose that: (1) the sale of Open Edge equipment should be accounted as financing leases; (2) there were material weaknesses in Edgio’s internal controls over financial reporting related to Open Edge transactions; (3) as a result of the foregoing, the Company’s revenue had been overstated in certain periods; and (4) as a result of the foregoing, defendants’ positive statements about Edgio’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Edgio class action, go to https://rosenlegal.com/submit-form/?case_id=13174 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 8854329

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Exciting competitions of the First Pink Games 2023 begin at different venues of Nishtar Park Sports Complex

Lahore, June 08, 2023 (PPI-OT): The exciting competitions of the First Pink Games 2023 began at different venues of Nishtar Park Sports Complex on Thursday. In the hockey event, Superior University defeated Kinnaird College by 3-0 in the only match played on the first night of Pink Games at National Hockey Stadium Pitch-2.

In the basketball event, Lahore College for Women University (LCWU) defeated King Edward University by 34-16. The winning team were leading by 20-8 at the half time. Kinnaird College girls emerged winners against Home Economics College University in the second basketball match by a big margin of 28-6. They were leading by 8-4 at the interval.

Earlier, the competitions of 100m and 200m races were organised at Punjab Stadium on the opening day of Pink Games. The 100-meter race was won by Sonaina of Punjab University. Rida of Superior University got the second position while Seher Fatima of GCU got the third position. The title of 200-meter race was clinched by Amtal of Lahore College for Women University. Nadia of Punjab University secured the second position while Mahnoor of Superior University got the third position.

For more information, contact:

Sports Board Punjab

Government of the Punjab

National Hockey Stadium, Ferozepur Road, Lahore, Pakistan

Tel: +92-42-99232501, +92-42-99232502

E-mail: info@punjabsportsboard.com

Website: http://sportsboard.punjab.gov.pk

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Australia hold sway as solid bowling backs up strong total on second day of the WTC Final

Dubai, June 08, 2023 (PPI-OT): The second day of the ICC World Test Championship 2023 Final at The Oval saw Australia follow a commanding batting display with a top-notch bowling effort. At the end of the day’s play, India were placed at 151/5 in response to Australia’s 469. Beginning at the overnight total of 327/3, the Australia pair of Steve Smith and Travis Head continued in the same belligerent tone that had exemplified yesterday’s final session. Smith struck back-to-back fours in the very first over to bring up his 31st Test hundred. With nine Test tons against India, Smith is now tied with Joe Root as the joint-highest century scorer against the Asian side in the format.

The duo looked like they were about to take another session away from India, scoring 34 from merely 36 balls at the start of play, before Head (163) nudged a short ball from Mohammed Siraj to the keeper. The pair’s stand of 285 runs, the most successful fourth-wicket stand at The Oval, had laid a strong platform for Australia to build on. However, India’s pacers got their act together after the first half hour and bowled probing lengths with much success. Mohammed Shami had Cameron Green caught at second slip, while Shardul Thakur bowled Smith (120) off the very first ball of his spell.

Mitchell Starc’s fallacious judgement cost Australia their seventh wicket in the 104th over when he left-hander decided to take on the sprightly Axar Patel at mid-off, and ended up running himself out. Despite losing four wickets in the session, the batting side went at nearly four an over and crossed the total of 400 in the process. The first hour post-lunch saw the Australia tail wag and frustrate Rohit Sharma’s men. Alex Carey’s 48 helped the side finish at 469. Siraj was the pick of India’s bowlers with his 4/108. The pacer also achieved the landmark of 50 Test wickets when he bowled Nathan Lyon.

In response, India openers started with positive intent. Unleashing a mix of pulls and drives, the batters added 30 quick runs. Australia struck back when they removed India skipper Rohit, who was trapped leg before by his opposite number, Pat Cummins. And in the very next over Shubman Gill left an incoming Scott Boland delivery, which crashed into his off stump. These two quick losses forced India towards a more watchful approach and they finished the session at 37/2. Hostile and incisive bowling from Australia ensured that there was little respite for the batters in the final session as well.

India’s number three, Cheteshwar Pujara, fell in an identical fashion to Gill, leaving a Cameron Green delivery that came in. Another blow came at the score of 71, when Virat Kohli was bested by an accurate Mitchell Starc bouncer. The fifth-wicket stand between comeback man Ajinkya Rahane (29 not out) and all-rounder Ravindra Jadeja (48) restored a semblance of order to the India innings. The 71-run partnership was the blend of Rahane’s patience and Jadeja’s assertiveness, but he stands was finally broken when a Nathan Lyon turner accounted for Jadeja.

Having lost half their side while still being 318 runs adrift of Australia’s total, India will have a tall task going into the third day of the WTC final. The play will start at 10:30 local time on Friday morning.

For more information, contact:

Headquarters,

International Cricket Council (ICC)

Street 69, Dubai Sports City,

Sh Mohammed Bin Zayed Road, Dubai, UAE

Phone: +97-143828800

Fax: +97-143828600

E-mail: enquiry@icc-cricket.com

Website: www.icc-cricket.com

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Director General Sports Punjab Dr Asif Tufail chairs key meeting with representatives of 11 more sports associations

Lahore, June 08, 2023 (PPI-OT): Representatives of 11 more provincial sports associations called on Director General Sports Punjab Dr Asif Tufail in the third meeting at National Hockey Stadium on Thursday. These meetings are being called up with an aim to formulate a compact strategy through which Punjab athletes of different games could produce better results in future national sports competitions. Director General Sports Punjab Dr Asif Tufail, who shared his personal email and mobile number with representatives of sports associations, directed the representatives of provincial sports associations to develop a better coordination with Sports Board Punjab.

Addressing the meeting Director General Sports Punjab Dr Asif Tufail directed the sports associations to put focus on players’ quality coaching, training, fitness, diet and other facilities for medal-winning performance in future sports events. “For this purpose, we will have to start our work from today,” he added. He said that the trend of paralleled sports bodies in the province is highly injurious for the future of sports in the country. “The hierarchy of paralleled sports bodies should realize the gravity of this harmful trend especially for the talented athletes of the country”.

Director General Sports Punjab Dr Asif Tufail said that Sports Board Punjab is going to introduce stipends for talented athletes in the next financial year. “This move is aimed to motivate male and female athletes to win medals in future sports competitions”. After the meeting, a question-answer session was also conducted in which representatives of the sports associations asked different questions regarding their multiple issues.

The presidents and secretaries of 11 sports associations including Salman Iqbal Butt of Punjab Athletics Association, Naeem Akhtar and Dr Nabeel Ahmed of Punjab Bodybuilding Association, Mirza Nadeem of Punjab Football Association, Asif Iqbal and Sh Tariq of Punjab Judo Association, Waqar Ahmed of Punjab Cycling Association, Sharjeel Zia Butt of Punjab Boxing Association, Amanullah Shan of Punjab Archery Association, Raja Gohar of Punjab Chess Association, Pervaiz Ahmed of Punjab Gymnastics Association, and Asif Naz Khokhar of Punjab Hockey Association attended the meeting

For more information, contact:

Sports Board Punjab

Government of the Punjab

National Hockey Stadium, Ferozepur Road, Lahore, Pakistan

Tel: +92-42-99232501, +92-42-99232502

E-mail: info@punjabsportsboard.com

Website: http://sportsboard.punjab.gov.pk

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Athletics Federation of Pakistan Celebrates Kids Athletics Day at Punjab University Lahore

Lahore, June 08, 2023 (PPI-OT): As per the announcement and in compliance of the directive from World Athletics to celebrate and organize Kids Athletics Day, Athletics Federation of Pakistan (AFP) organized an event of Kids Athletics Day on 7 June 2023 at Punjab University Lahore.

The event was a great success, with participation of over 200 kids from different schools. Muhammad Zafar, Secretary General AFP, was the chief guest. Other sports dignitaries, including Mr. Salman Iqbal Butt, President Punjab Athletics Association, Madam Shahida Khanum, President Pakistan Women Athletics Association, Madam Abida Tanveer, General Secretary Pakistan Women Athletics Association, and Mr. Tariq Mehmood Sidhu, President Technical Officials Association of AFP, also attended the event. Prof. Dr. Zafar Iqbal Butt, Director Sports and senior management of Punjab University were also present on this occasion.

The key objectives and aims of celebrating and organizing Kids Athletics Day are as follows: –

To ensure a steady and sustainable policy of development of the sport of Athletics.

To introduce children to Athletics at a basic level.

To expand the sport of athletics for schools and all institutions who are interested in the well-being of children

To popularize athletics in the country and world

To raise awareness about the importance of fitness and encourage people to get more involved in sports and athletics

The vision behind Kids Athletics is the belief that every child is born to move, to play, to explore. No matter where they are in the world, no matter their individual circumstances, it’s their fundamental right to have access to sport.

The Secretary General AFP appreciated the efforts and hard work of Mr. Muhammad Nabeel, Assistant Director Sports Punjab University, and the management of Punjab University for excellent arrangements. Gifts, T-shirts, caps, and certificates were distributed among the children, making the event a memorable experience for all.

For more information, contact:

Athletics Federation of Pakistan (AFP)

Website: http://www.afp.com.pk/welcome.php

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ACCA proposes budget measures for tax year 2023-24 to address Pakistan’s economic challenges

Islamabad, June 08, 2023 (PPI-OT): ACCA (the Association of Chartered Certified Accountants) has unveiled its budget proposals for the fiscal year 2023-24, highlighting the need for significant shifts in Pakistan’s economic policies to tackle pressing challenges. The proposals aim to address issues such as population growth, climate change, agricultural disincentives, and food security concerns. ACCA emphasises that to keep policies and their implementation consistent, the government, political parties, and business groups should sign a ‘charter of the economy’ for the next 10-15 years. This long-term commitment will provide stability and foster sustainable economic growth.

The budget proposals suggest a multi-faceted approach to improving the balance of payments, reducing imports, boosting local consumption, lowering inflation, and increasing exports. ACCA underscores the importance of consistent economic policies, leveraging indigenous resources and talent, and embracing a new economic model. In line with these objectives, ACCA recommends sustainable reduction of non-essential imports and identifying import substitutes to lower the import bill. Efforts to promote eco-friendly energy sources, implement daylight savings, and reduce business hours and working days can help decrease reliance on oil and gas imports.

To enhance exports, ACCA emphasises the need to focus on services that leverage Pakistan’s abundant raw materials and skilled youth. Shifting the tax burden to higher-income individuals and subsidising the cost of living for middle and lower-income segments are proposed to ensure equitable taxation policies. ACCA calls for significant strides in the documentation of the economy to expand the taxpayer base. Leveraging technologies such as Artificial Intelligence and data analytics, the global body recommends identifying individuals living beyond their declared means and businesses making misdeclaration to bring them into the tax net.

Structural reforms, including reduced tax rates and simplified compliance processes, can make tax evasion less attractive and improve the efficiency of the taxation system. ACCA proposes minimal tax rates for large agricultural landowners, with generated revenue used to subsidise essential farming needs for small farmers.

To facilitate economic recovery, ACCA suggests incentivising local industry, manufacturing, and mining while revising costly agreements in the energy sector. Investment in green energy projects, encouraging the use of domestic products, and promoting entrepreneurship through the banking sector are also highlighted as key strategies. ACCA underscores the growth potential of Pakistan’s IT/ITeS sector and calls for favourable policies, tax rebates, and investment in high-skill training to unleash its full potential. ACCA also recommends expanding the tax net by bringing professionals such as doctors, accountants, engineers, lawyers, and architects into the tax system.

Furthermore, ACCA proposes the establishment of a venture capital fund to support Pakistani start-ups, subsidies for solar panels, and prioritisation of the livestock sector in the upcoming budget. ACCA’s Global Tenets of Taxation serve as a guiding framework to establish public trust and an effective taxation system. The accountancy body emphasises the importance of openness, transparency, simplicity, and certainty in tax legislation and operations. ACCA believes that by implementing these budget proposals, Pakistan can pave the way for sustainable economic growth, address unemployment challenges, and position itself as a regional powerhouse.

For more information, contact:

Association of Chartered Certified Accountants Pakistan (ACCA)

Office No. 5, 2nd Floor, SNC Centre,

Fazal-ul-Haq Road, Blue Area, Islamabad, Pakistan

Tel: +92-51-111-222275

Fax: +92-51-2876605

Email: info@pk.accaglobal.com

Website: www.pakistan.accaglobal.com