Watch Pakistan’s #1 News Channel, BOL News online via live streaming with the latest Pakistani and International News in Urdu
BOL Network is a media company. It is hardly 5 year old news channel . The bol network are start working June 2013 it is basically operate in Karachi. The owner name of Bol network is Shoaib Ahmed Shaikh, who also served as the CEO and chairman of the media network. According to Declan Walsh Bol Network was under the auspices of the fake diploma mill Axact. The media group was supposed to incorporate television, digital media, cinema and theatre as well as digital media, but when the parent company of Bol, Axact, was unmasked as a diploma mill selling fake degrees Pakistan Electronic Media Regulatory Authority revoked the licence that it had awarded BOL, and the network was not even able to start transmission. Pakistani journalist Kamran Khan was appointed as the editor in chief, but he quit after the Axact scandal surfaced and stated that his conscience did not let him be affiliated with such a network
Official Website Bolnews
The BOL Network was started by Pakistani businessman, Shoaib Ahmed Shaikh in June 2013, and according to him, it was meant to create an independent media house to portray a soft image of Pakistan and several notable journalists joined the network at that time. Bol claims to have offered insurance of up to Rs. 10 million to cable operators. In 2014, BOL Network advertised on more than 20,000 public transport vehicles in Pakistan.The company also announced a television set brand by the name of BG.
During the early phases of Bol, many prominent media personnel joined the network. These included Nabeel Zafar, Zeba Shehnaz and Haider Imam Rizvi who joined the entertainment channel. Kamran Khan, Mubasher Lucman, Jasmeen Manzoor and Iftikhar Ahmed were reportedly a part of the Bol News channel. However all of them resigned once the Axact scandal unmasked the company as a scam and a fraud.
Main article: Axact
Initial raids and indictments
On 17 May 2015, The New York Times published an investigative story reporting that Axact ran at least 370 degree and accreditation mill websites. When Axact offices were raided by the FIA at the interior minister’s orders, many compromising documents were recovered, including fake letterhead of the US State Department. Subsequently, Axact was sealed on May 28, 2015 and the Information ministry requested PEMRA to close down BOL. On May 26, 2015, Federal Investigation Agency arrested Shoaib Ahmed Shaikh for investigation. The case was filed against him on May 27, 2015 in Karachi, Pakistan. The same day he was ordered to submit “copy of the letter of credit, contract or proof of payment in support of the transactions and the source of financing for the procurement of the imported goods” as the FBR had received intelligence that Bol was using illegal equipmenton 5 June 2015, Ayesha Sheikh, the wife of Bol CEO Shoib Sheikh was indicted on charges of money laundering in connected with Axact and Bol. Read more