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Date: April 8th, 2017

Subject: Axact’s Official Response to a Defamatory article published in Media

Axact categorically denies that it has been involved in any illegal activity.

A section of the media is attempting to malign Axact into an alleged case, which is basically against an individual. This is a highly irresponsible and biased act, which is aimed at damaging the reputation of Pakistan’s biggest IT Company. It is part of the same conspiracy and malicious campaign, which was launched against Axact by the vested interest in May 2015. The guilty plea by the individual has been falsely linked to the old propaganda against Axact.

Axact rejects these allegations. If any individual or organization disseminates this falsehood and malicious propaganda against the Company using any medium, including television, radio, print or digital, the Company will take all legal action including criminal and civil.