{"id":3169,"date":"2023-09-12T01:50:08","date_gmt":"2023-09-12T01:50:08","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/bol-network-acquired-by-asiapak-investments\/"},"modified":"2023-09-12T01:50:08","modified_gmt":"2023-09-12T01:50:08","slug":"bol-network-acquired-by-asiapak-investments","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/bol-network-acquired-by-asiapak-investments\/","title":{"rendered":"Bol Network acquired by AsiaPak Investments"},"content":{"rendered":"

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Bol Network announced on Monday that it had been acquired by AsiaPak Investments, a private equity firm, with a new chairman at the helm.<\/p>\n

The press release said that Bol would remain headquartered in Karachi with \u201cnationwide presence\u201d. It highlighted that AsiaPak Investments had offices in Karachi, Lahore and Islamabad.<\/p>\n

\u201cIt invests only in Pakistan; its sectors include infrastructure, energy, power, transport, logistics, and, technology,\u201d the statement added.<\/p>\n

Further, Sameer Chishty was announced as the new chairman and chief executive officer (CEO) of Bol Network. The press release described Chishty as a \u201cseasoned international technology investor in Asia and the Middle East\u201d.<\/p>\n

\u201cAmazing progress is being made globally in digital technologies, artificial intelligence, and, telecommunications. Impact is being felt across the entire media ecosystem, including content creation, news, entertainment, gaming, music, education, communication, and, community,\u201d the press release quoted Chishty as saying.<\/p>\n

\u201cAs a general partner at SparkLabs Group investing in over 500 technology companies in China, Korea, Saudi Arabia, and other countries, I have seen first-hand the potential these technologies have in changing lives, transforming societies, and growing economies,\u201d he said.<\/p>\n

\u201cAnd these are exactly the kinds of opportunities that must be made available for all Pakistanis. The new Bol Network promises powerful ways of generating and distributing content so we may all teach and we may all learn,\u201d he said.<\/p>\n

Chishty said that Bol would empower users to engage their communities on issues important to them.<\/p>\n

\u201cWe will all make our voices heard. Together we will know more, do more, and, be more. Bol invites our viewers, our advertisers, our employees, as well as our future employees, to join us on this mission,\u201d he said.<\/p>\n

The network\u2019s TV channel was set to be launched in 2015 but the plan was jettisoned after parent company Axact became embroiled in a fake degree scandal<\/a>.<\/p>\n

In August 2015, ARY Digital Network Founder and Chief Executive Officer Salman Iqbal had announced<\/a> a take over of the Bol media network. The TV channel had eventually gone on air<\/a> in October 2016 after months of delay due to the legal proceedings.<\/p>\n

Shoaib Shaikh, the original owner of the network, was convicted<\/a> in 2018 along with 22 others in the fake degree case.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Bol Network announced on Monday that it had been acquired by AsiaPak Investments, a private equity firm, with a new chairman at the helm. The press release said that Bol would remain headquartered in Karachi with \u201cnationwide presence\u201d. It highlighted that AsiaPak Investments had offices in Karachi, Lahore and Islamabad. \u201cIt invests only in Pakistan; […]<\/p>\n","protected":false},"author":2,"featured_media":3170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2023\/09\/11134218e820c6c.jpg?r=134337","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-3169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/3169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=3169"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/3169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/3170"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=3169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=3169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=3169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}