As far as i know, you need a Gamma card for that. i don't know if there a re keys available to watch it just using the emu itself!
@nocarder. Where have you been the real/actual keys for Bulsat for all EMUs are posted every 10 days and we've had them since the 11th April 2010! Thanks to the MASARE team.
Don't know if its possible directly, by adding to a softcam etc
But if Irdeto2 supported (ie Gamma Cards work)
You should be able to use Fausto on your PC and connect to your receiver.
I use hardware CAMs (Dragon/T-Rex/Diablo/Matrix/Irdeto etc) and Season Interface to connect Fausto on my PC to the CAMs.
But Fausto can connect to the receiver via SSSP or other methods (cccam etc, even a combination of methods eg RS232/Season Interface/Hardware CAM), read the Fausto threads in the Hardware CAM and Season Interface threads.