Pakistan’s leading media group Bol Network has been acquired by the Asia Pak Investments, a Hong Kong private equity firm, and now Sameer Chishty has assumed the responsibilities as its new Chairman and Chief Executive Officer (CEO).
بول کے نئے سفر کا آغاز ایشیا پاک کے ساتھ
بول ٹی وی نئی قیادت کے زیر انتظام ولولے ، جوش کیساتھ سفر جاری رکھے گا
بول نیٹ ورک کا انتظام ایشیا پاک انویسٹمنٹ گروپ نے سنبھال لیا#BOLNews #BreakingNews pic.twitter.com/DYz3CB0CpM
— BOL Network (@BOLNETWORK) September 11, 2023
Having Offices in Karachi, Lahore, and Islamabad, the Asia Pak Investments specializes in investments within Pakistan’s infrastructure, industrials, transport, logistics, energy, and financial sectors
Earlier in September 2023, the Company also acquired a majority stake of 54 percent in K Electric.
Who is Sameer Chishty – New Owner of Bol TV
The new Chairman and CEO of Bol Network Sameer Chishty is a seasoned international technology investor in Asia and the Middle East.
Sameer Chishty said, “Amazing progress is being made globally in digital technologies, artificial intelligence, and, telecommunications.”
“As a General Partner at SparkLabs Group investing in over 500 technology companies in different countries, I have seen first-hand the potential these technologies have in changing lives, transforming societies, growing economies,” he added.
Sameer Chishti also emphasized the new Bol Network’s mission, saying “The new Bol Network promises powerful ways of generating and distributing content so we may all teach and we may all learn. We will empower users to engage their communities on issues important to them.”
“Bol will enable Pakistanis to generate content in Bol studios captured by Bol cameras on Bol satellite TV and on global online social media assisted by Bol.” he further added.
It may be recalled that the ‘Bol Network’ TV Channel was supposed to be launched in 2015 but the project got stalled after its parent Company ‘Exact’ was caught in a fake degree scam.
In August 2015, the Founder and Chief Executive Officer (CEO) of ARY Digital Network Salman Iqbal announced the acquisition of Bol Media Network.
The Bol TV Channel finally went on air in October 2016 after several months of delay due to legal proceedings.
Shoaib Shaikh, the original Owner of Bol Network, was convicted in 2018 along with 22 others in the fake degree case.