Bol Network, one of Pakistan’s prominent media companies, has been acquired by AsiaPak Investments. Bol will continue to be based in Karachi and have a presence across the country, as stated in the official press release.
AsiaPak Investments is an investment firm with offices in Karachi, Lahore, and Islamabad. It focuses exclusively on investing in Pakistan, with interests in areas like infrastructure, energy, power, transportation, logistics, and technology.
The new Chairman and CEO of Bol Network, Sameer Chishty, is an experienced international technology investor with a track record in Asia and the Middle East. He emphasized the significant advancements happening globally in digital technologies, artificial intelligence, and telecommunications, which are influencing various aspects of the media industry, from content creation to communication.
Chishty believes that these technologies can positively impact lives, transform societies, and boost economies. He aims to leverage these opportunities for the benefit of all Pakistanis. Bol Network intends to empower users to create and share content, engage their communities, and address important issues. It plans to use its studios, cameras, satellite TV, and online social media platforms to achieve this goal.
Bol Network is known for its leading news and entertainment channels, and it’s unique in owning its production facilities. Additionally, it utilizes advanced media technology that reaches global audiences through various broadcast and digital platforms.
AsiaPak Investments, the acquiring company, also owns Daewoo Pakistan and has invested in significant projects like Thar Coal Block 1 and Liberty Power Limited, contributing to Pakistan’s infrastructure and energy sectors.
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