KARACHI ( MEDIA REPORT ) A district and sessions court acquitted Axact Chief Executive Officer (CEO) Shoaib Shaikh in a money laundering case here on Wednesday. Shaikh’s counsel, Shaukat Hayat, had moved an applicable petition under Section 249-A of the Criminal Procedure Code (CrPC), arguing that his client cannot beRead More →
ISLAMABAD ( BMZ REPORT ) Senate Standing Committee on Finance took a strong exception to the Axact scandal of issuing fake degrees as it summoned relevant details from Federal Board of Revenue (FBR) and Security Exchange Commission of Pakistan (SECP). Senate Standing Committee on Finance Chairman Senator Saleem Mandviwalla summonedRead More →
ISLAMABAD ( MEDIA ) Indicating that an inquiry against Axact over its alleged involvement in the business of bogus degrees may take weeks, if not months, Interior Minister Chaudhry Nisar Ali Khan has asked The New York Times not to draw any conclusions before the inquiry was completed. Talking toRead More →