I naturally assumed that it had the backing of the pakistani intelligence agencies guess i was wrong.
There is also another thing that i would like to add here, there is an answer on quora which those interested should read[1].
They do give really good benefits, things like free lunch, return tickets to foreign countries for vacation and they give a car to each of their employees.
There was also a rumour going around that axact made its money by making and managing one of the largest pornographic websites on the internet. Don't know how much truth is in that. But everyone i mean everyone talked about that at one time in the industry here.
[1] http://www.quora.com/What-are-the-services-does-Axact-Pakist...