Bols MissionAt BOL, they work to be the number 1 with more than 50% of the revenues and profits of every global media market they enter and at the same time deploy their core competencies towards the socio-economic development. This is their mission and every thing they do reflects this only this and nothing else.
Mr. Shoaib Ahmed Shaikh Chairman CEO BOL Group
Software and TechnologyMr. Shoaib pioneered the creation and launch of ground breaking software and technology. He created an environment in which excellence in every IT-centric endeavor was expected and was delivered. In 2005 Mr. Shoaib crafted Axact’s mission of winning and caring and put together Axact’s core values. He put together a belief system that connects every department and all layers of leadership. Through Axact’s monthly recognition events, these values are inculcated in every Axactian.
Learning and DevelopmentHis process-oriented approach, focus on learning and development and belief in quality human resource are reflected in everything that Axact does. Under his able leadership, Axactians rose through the ranks to lead various domains. This is how 7 of Axact’s 10 business units went on to become market leaders. Axact now has a global presence in 6 continents, 120 countries & 1300 cities.Mr. Shoaib’s vision of the future of Axact is represented in the company’s grand infrastructural project – GalAxact – which will contribute $50 billion to Pakistan’s economy.He has also crafted a vision for an employed, educated and liberated Pakistan and the first step to accomplish this vision, Plan 2019, has already been set in motion through the launch of Free Insaaf - a project to make justice accessible to all.
Mr. Shoaib Ahmed Shaikh Chairman CEO BOL GroupThrough Mr. Shoaib’s plan, Aik Allah Kaafi Hay Trust will educate 10 million children. Mr. Shoaib has also launched Pakistan’s Largest Media Group – BOL, that is working to popularize his vision for an employed and independent Pakistan. Under Mr. Shoaib’s leadership, Axact and BOL will rise to new heights of growth and accomplishment and will enable Pakistan to prosper and flourish.
Speech at 20th Annual Team MeetOn the grand occasion of 20th Annual Team Meet, Chairman & CEO of Axact & BOL, Shoaib Ahmed Shaikh addressed the audience leaving them spellbound while sharing his vision for Pakistan becoming the #1 country in the world by the year 2036.
Axacts vision for the future of PakistanMr. Shoaib Ahmed Shaikh revealed Axact’s Plan 2019 for a prosperous and a thriving Pakistan, and the role Axact,BOL, their government, other IT firms and each and every Pakistani will play in the realization of this dream. WatchMr. Shoaib Ahmed Shaikh’s captivating speech to learn how Axact will make sectors of Food and Shelter,Healthcare, Judicial Assistance and Education accessible to all in Pakistan by 2019.
A Well informed PakistanBOL is leading Pakistan into a new information era that will transform the way the masses view information. BOL is pioneering a media revolution and will further amplify its efforts to create a better Pakistan.
Social Media FrenzyBOL's Social Media is a platform to work for the betterment of Pakistan. Be the change agent and a get an opportunity to be connected with the whole world and play your role in building a better Pakistan.
Offer Prayers at BOLs
Air-Conditioned Prayer hallsAt BOL, They have air-conditioned prayer rooms with ablution facility where you can offer your prayers with complete peace of mind.
Spend a great time at BOLsBeach Resort Currently under construction, BOL's beach resort will be Pakistan's first corporate resort, housing world-class facilities like buggies, large swimming pools, water sports, etc.
Back storyPakistani investigators Tuesday carried out raids on a firm accused of running a global fake degree empire, officials said, confiscating computers and holding employees for questioning as the scandal deepened.
AxactThe firm Axact was accused by the New York Times of running a network of hundreds of websites for phoney universities complete with paid actors for promotional videos, as part of an elaborate scheme that generated tens of millions of dollars annually.
Federal Investigation Agency FIAFederal Investigation Agency (FIA) officers swooped on the Karachi headquarters of the company, seizing equipment and records and expelling employees from the building, a member of the raiding party told AFP on condition of anonymity.
- Meanwhile the company's Rawalpindi office has been sealed and employees were being questioned at the site, an official said.
- The same official had earlier said that two employees had been arrested, but later clarified they were being quizzed and had not been charged with a crime.
- The raid is still ongoing, Mehmood ul Hassan, acting director of the FIA's Cyber Crime Wing, told AFP.
- Their team is gathering evidence. Their director general will release all details about the raid once it's completed.
- The move came shortly after Interior Minister Chaudhry Nisar Ali Khan told the agency to probe if the said company is involved in any such illegal work which can tarnish the good image of the country in the world.
- The report by the New York Times, which quoted former employees and analysed more than 370 websites of fake universities, accreditation bodies and other purported institutions, sparked a wave of criticism on social media even as the company denied wrongdoing.
- Axact's media venture named Bol is set to launch a news channel, featuring leading TV anchors and journalists lured from previous employers by high salaries, heightening interest in the story.
Initial raids and indictments
Resignation of media personnelBol was aggressive in recruiting media personnel when the network was in development. However, when it came to light that the network was being run through illegal means and was part of a scam they were quick to leave. While Kamran Khan tweeted that his conscience would not let him continue, Iftikhar Ahmad wrote cannot work for an organisation whose basic workings conflict with my professional commitment. Asma Shirazi resigned and posted on Twitter, I have resigned from Bol News. Truth must prevail.
Post Axact Scandal AcquisitionAfter the suspension of the BOL Network and BOL News there was a mass exodus of journalists and other media personnel from the company.However ARY Digital Network CEO Salman Iqbal offered to take over the beleaguered company in August 2015. He stated that the decision had been taken in view to provide career protection to media industry and its workers. The founder of ARY Group said the his media group would launch the transmission of the channel within three weeks. On September 30, 2015, it was announced that the deal between the owners of BOL and ARY Digital Network had fallen through.
Denial of access to Axact databases and offices
Locations and infrastructure
Other controversiesOn October 15, 2013, the Hindustan Times reported that the entry of BOL media electronic player was backed by the ISI, which sparked controversy.Later a corrigendum (an error in a printed work discovered after printing and shown with its correction on a separate sheet) was issued by Hindustan Times.
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