In an exclusive interview with Kashif Abbasi, Shoaib Ahmed Shaikh said, “Axact is not authorized to issue degrees, nor it has issued any”.
Axact issued neither real nor fake degrees… by arynews
“Axact designs online education software which includes modules for teachers and students,” explained the CEO Axact.
When asked how much turnover his company has, Shoaib replied his company has a worth of over $ 20 billion.
He slammed that a reporter, who was expelled from Pakistan over undesirable activities, leveled charges against us without any mention of evidences in his story.
He said that ‘we have previously been accused of having the backing of some institution, but this entire episode has proven that there is no one behind us’.
In response to a question about taxes paid by him, Shaikh said that the Federal Board of Revenue (FBR) continued auditing his company for two years, since the launch of BOL was announced and there was nothing wrong found about it.
He added that IT services are tax-free in Pakistan.