Axact (Urdu: ایگزیکٹ) is a Pakistan software company that runs numerous websites selling fraudulent academic degrees for fictional universities.

In 2013 he said Axact was the world's leading IT company and that it had eight broad-business units and products, more than 5,200 employees, and associated globally and as many as 8.3 million customers worldwide.

[7] On 17 May 2015, The New York Times published an investigative story reporting that Axact ran at least 370 degree and accreditation mill websites.

[8][9] The company accused The New York Times of "baseless, substandard reporting", and of sabotaging its expansion into TV and related media with BOL Network, which was scheduled to begin operations soon.

He later claimed that Axact did provide office support and call center services to the websites, but it did not itself "issue any degree or diploma, whether fake or real.

"[11] Following the publication of the New York Times article, Pakistan's interior minister Chaudhry Nisar Ali Khan directed the country's Federal Investigation Agency to begin inquiry into whether the company was involved in any illegal business.

[19] On 5 June 2015, Ayesha Sheikh, Shoaib's wife was indicted on charges of money laundering in connection with Axact and BOL.

[11] It is alleged that Axact took money from over 215,000 people in 197 countries; that the CEO Shoaib Shaikh is the owner of several shell companies in the US and other Caribbean countries that were used to route the monies into Pakistan; that Shaikh used an alias on documentation linked to these offshore companies; that Shaikh became a citizen of Saint Kitts and Nevis, a small Caribbean island nation that sells passports to rich investors; that Axact sales agents' employees used "threats and false promises" and impersonated government officials to take money from customers generally in the Middle East; and that the company earned at least US$89 million in its final year of operation.

[24] In December 2016, Axact's Assistant Vice President of International Relations Umair Hamid was arrested in the United States.

[33] More recently, Axact employees have impersonated Emirati government officials in an effort to extort "legalisation fees" from unsuspecting fake degree and diploma holders in that country.

[34] The Canadian Broadcasting Corporation's television series Marketplace carried out an investigation into the prevalence of fake academic credentials in September 2017.