May 21, 2015

How much Income Axact was making daily will shock you

Axact was really making millions, Ex employee of Axact "Yasir Jamshaid" told Gulf News staff included roughly around 973 sales agents and each team, which were responsible for a number of fake universities that claim to offer fake degrees, has a target to make $40,000 (40,00,000 PKR) per day.
Pakistan Rupees:  12,00,00,000 PKR بارہ کروڑ پاکستانی روپیہ ماہانہ
This huge total is mind blowing

Daily Sales : 
USD: $40,000
Pakistan Rupees:  40,00,000 PKR چالیس لاکھ پاکستانی روپیہ روزانہ

Monthly Sales : 
USD: $1,200,000
Pakistan Rupees:  12,00,00,000 PKR بارہ کروڑ پاکستانی روپیہ ماہانہ

Annual Sales : 
USD: $14,400,000
Pakistan Rupees:  1,44,00,00,000 PKR ایک ارب چوالیس کروڑ پاکستانی روپیہ سالانہ

On other hand another Dubai based news paper Khaleej Times visited three locations listed as Axact offices in online business directories and found only one bearing the company’s name. A small leased space inside a business centre managed by Tecom in Dubai Media City is all that remains of Axact’s Dubai operations.

Nobody has visited this office in the last two years and it hasn’t been opened even once,” said a security guard working at a business centre leased by Axact.

Axact's Dubai Office have only one table and two chairs (Image Khaleej Times)
Two chairs, an empty office desk and a telephone are visible in the glass cabin representing Axact FZ LLC.

“The owner is never here but we do receive a few couriers occasionally,” said the guard.

He could not elaborate further on whether the courier was ultimately delivered to the company’s representatives but did confirm the company was owned by a ‘Pakistani businessman’.

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