BOL TV boasted that it would be better than anyone and change Pakistani media. They shut down before starting broadcasting, but the operation is not likely to be scrapped. When security services needs it, BOL will rise again.
“Were [there] such salaries before?”, Shoaib Ahmed Shaikh, chairman and CEO of Axact group, the company that planned to launch a raft of television stations and newspapers in Pakistan, boasted in September last year in front of a gathering of journalists. “We will lead and others will follow in Pakistan,” he said.
A year later, Mr Shaikh is in prison and the media empire he wanted to create is in ruin. Swank studios in Karachi are empty and they’re likely to remain so. Three weeks after touting on its Facebook page that it was going to “change the face of Pakistani media”, on the very same page BOL announced its closure on 6 October 2015.