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FIA raids Axact's offices, computers confiscated

02:58 PM | 19 May, 2015
FIA raids Axact's offices, computers confiscated
ISLAMABAD/KARACHI (Web Desk) - Following the orders of Federal Interior Minister Chaudhry Nisar Ali Khan, the Federal Investigation Authority (FIA) on Tuesday raided the offices of Axact - a Pakistani IT company - in Rawalpindi and Karachi.

According to sources, an FIA Cyber Crime Cell team has raided the Axact's office in Rawalpindi and Karachi, after thorough interrogation. Moreover, the FIA team has also sealed off company’s records and electronic gadgets.

Related: FIA launches probe into Axact’s tax theft, porn sites
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A Senate's standing committee is likely to freeze all the back accounts and other assets of Axact, the sources add.

The interior minister on Tuesday ordered an immediate inquiry into a special report published by The New York Times about Axact that claimed that the company was in business of fake degrees as part of a massive, global scam.

Read more: The cheap story of Bol company’s multi-million scams
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Taking notice of the scandal, Ch Nisar directed the FIA to submit a report after a thorough investigation. In his directive, the minister also said that the FIA was to determine whether the contents of the NYT story were true and whether the company was involved in any illegal business which may bring a "bad name" to Pakistan, an interior ministry spokesman said.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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