http://monthlybrands.com.pk/money-bol-axact-coming/

Where is all the money for BOL and Axact coming from?

Axact’s CEO, Shoaib Sheikh’s world came crumbling down when a New York times report came into the scene on 18th May 2015. Since then, a conundrum related to the company and associated news channel started in the market.

The extremely happy Mr. Shoaib had earlier claimed that all the employees who had to leave the company due to the scandal will be granted with the salary of about 11 months.

Finally, Axact’s daughter company, BOL has also been shown green flag along with a license to freely operate in the media industry. What’s more is that Axact and BOL are, currently, hiring employees on a good pay rate.

The questions which arises on the minds of a person associated with the media herself are; Where is all this money coming from? If the operations of the company were aborted, than, how come they are capable of paying salary of about a year; to all the permanent employees? Is Axact again working on the degree-selling business or a simple software house is producing wads of cash, again?

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