Pay salaries to Bol TV's ex-employees in ten days, orders SC

12:09 PM | 7 May, 2018
Pay salaries to Bol TV's ex-employees in ten days, orders SC
ISLAMABAD - Supreme Court of Pakistan ordered Bol TV on Tuesday to clear the salaries of former employees within ten days.

Chief Justice Mian Saqib Nisar issued the orders while hearing a case pertaining to Axact fake degree scandal taken up by the apex court in January this year. He ordered Axact’s counsel to submit Rs100 million to clear the arrears of the employees.

The Chief Justice warned of stern action on not depositing the money, adding that Shaikh could be sent to jail again on non-compliance.

During the hearing, the top judge asked about the total amount claimed by the workers, to which, the counsel informed the court that the workers had claimed for Rs300 million.

CJP Nisar said that a month was given to sort out the issue but a meeting was held one day ago just to fulfil the formalities.

The lawyer for Axact asked the court to pledge property or something else as it was not easy to deposit Rs100 million.

The Chief Justice remarked, “It is not difficult for you as the amount could be collected by selling two degrees”.

The lawyer added that the channel was taken over by the ARY CEO Salman Iqbal during the crisis, adding that the payments for two months were liable to Iqbal.

Meanwhile, the court has also ordered the lower courts to wrap up the cases regarding fake degree scandal within two months, besides summoning total record in the case.

The chief justice, during the hearing, asked if the Axact chief got bails in all cases. The counsel replied in yes.

Federal Investigation Agency (FIA) director general informed the court that Shoaib Shaikh was not cooperating in his trial. To which, the chief justice said that the bail should be cancelled if he did not make cooperation.

Currently, the case against the Axact officials is being heard by Sindh High Cout, Karachi sessions court, Islamabad High Court (IHC).

On April 25, a two-member bench, comprising Athar Minallah and Miangul Hassan Aurangzeb, declared the sessions court’s decision of acquitting Axact head Shoaib Shaikh null and void.

The high court had ordered Islamabad west sessions judge to hear the respondents’ arguments again.

Case History 

The scandal of fake degrees was first disclosed by New York Times in 2015, accusing a Pakistan-based company, Axact of selling degrees of hundreds of fake universities and schools run by the software company to people around the world, including Indians based in the Middle East.

Umair Ahmad, vice president of Axact, was arrested in the US last year and was sent to prison for 21 months after he confessed to committing wire fraud in connection with an international “diploma mill” scheme. In addition to the prison term, Hamid was ordered to forfeit $5,303,020.

Following a news story in New York Times, CEO Shoaib Ahmed Shaikh, managers Viqas Atique, Zeeshan Anwar, Mohammad Sabir and Zeeshan Ahmed and 14 other officials/employees of the software firm were booked in May 2015.

In its report submitted to the sessions court, the FIA alleged that evidence forensically extracted from Axact’s databases between 2010 to 2015 showed that diplomas and degrees of fake universities based in the US had been issued to over 240,000 students of different countries, Dawn reported.


Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 29 Feb 2024

Pakistani rupee remains stable against US dollar in the open market on February 29, 2024 (Thursday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.1 for buying and 282.35 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 352 for buying, and 355.5 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 74.3.

Today’s currency exchange rates in Pakistan - 29 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.1 282.35
Euro EUR 303 306
UK Pound Sterling GBP 352 355.5
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.3 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.11 751.11
Canadian Dollar CAD 207 209.2
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.69 41.09
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 907.32 916.32
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36 26.66
Omani Riyal OMR 725.68 733.68
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317.76 320.26
Thai Bhat THB 7.76 7.91


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