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CJP Saqib Nisar takes suo moto notice of Axact fake degree scandal

11:24 AM | 19 Jan, 2018
CJP Saqib Nisar takes suo moto notice of Axact fake degree scandal
ISLAMABAD - Chief Justice of Pakistan Mian Saqib Nisar on Friday took suo motu notice of the Axact fake degree scandal and sought a report from the Federal Investigation Agency within 10 days.

The chief justice remarked that those who caused defamation of Pakistan in the world will have to face punishment, adding that news reports regarding fake degree scandal rife in local an international media.

He said that if the information was correct, the authorities should take action to curb such activities, tarnishing the name of Pakistan.

"Our heads hanged in shame because of this scandal," he said. The chief justice also observed that the case had surfaced earlier and several cases in this regard are being heard by courts.


The scandal of fake degrees was first disclosed by New York Time 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.

The expose was followed by a crackdown by Pakistani authorities but no one has been prosecuted as yet within the country.

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.

Case History


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 year for allegedly preparing and selling fake degrees, diplomas and accreditation certificates of fictitious schools/universities through a fraudulent online system and illegally minting millions of dollars.

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.

The company earned more than $205 million in the process.

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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