ARY CEO an­nounces BOL TV takeover

The Pak Banker - - NATIONAL -

KARACHI: In a star­tling de­vel­op­ment, ARY Dig­i­tal Net­work Chief Ex­ec­u­tive Of­fi­cer Sal­man Iqbal an­nounced that the media group has taken over man­age­ment of BOL TV.

Speak­ing to­day at a cer­e­mony ar­ranged at the BOL TV of­fice, Iqbal said the up­com­ing chan­nel will start its broad­cast in three weeks. The ARY CEO fur­ther said that clear­ing the pend­ing salaries and un­paid dues of BOL em­ploy­ees would be a key pri­or­ity.

He also vowed to keep the re­mu­ner­a­tion pack­ages of­fered to BOL em­ploy­ees as promised. "The driv­ing force be­hind this de­ci­sion was our mis­sion to try and ease the dif­fi­cul­ties faced by media per­sons," said Iqbal.

Ear­lier, the Pak­istan Elec­tronic Media Reg­u­la­tory Au­thor­ity (Pemra) had or­dered the man­age­ment of Bol Tele­vi­sion in May to stop their trans­mis­sion un­til the di­rec­tors of their par­ent com­pany Ax­act were ex­on­er­ated from charges of fraud and money laun­der­ing. Ax­act's di­rec­tors are cur­rently fac­ing charges in the wake of a mas­sive fake de­gree scan­dal, which was ex­posed by The New York Times.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.