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Glaxy Broadcasting Network

Glaxy Broadcasting Network Pvt Ltd owns and operates 92 News, a satellite news television channel offering live current affairs transmission. The channel was among the top 10 news channels in terms of audience share in 2018, according to Gallup Pakistan data. The company was established in 2005 with an authorised capital of PKR2 million / USD 19,007. The company is based in Karachi and owned by the Mian Family.

Key facts

Mother Company

Madina Group of Industries

Business Form

Private

Legal Form

Private Limited Liability Company

Business Sectors

TV Broadcasting; Publishing; Food and Beverages; Energy; Steel; Education; Health

Ownership

Individual Owner

Media Outlets
Other Media Outlets

Other Print Outlets

92 Roznama

Other Online Outlets

https://www.roznama92news.com

Facts

Media Business

TV Broadcasting

Glaxy Broadcasting Network Pvt Ltd

Publishing

Glaxy Broadcasting Network Pvt Ltd

Business

Steel

Madinah Enterprises Ltd

Food

Madina Sugar Mills Pvt Ltd

Energy

Faisalabad Oil Refinery Pvt Ltd

Health

Madinah Teaching Hospital

General Information

Founding Year

2005

Affiliated Interests Founder

Ms Nafeesa

in Form 21 [requiring change in office] submitted to SECP in 2011 is declared as the chief executive of Glaxy Broadcasting Network Pvt Ltd and appears to be related to Mr Muhammad Hanif since her name in the Memorandum of Association document of the company signed Dec 19, 2005, appears against the “father’s / husband’s name” column in the Memorandum of Association column;

Employees

630

Contact

C-2 Karsaz, KDA Scheme No. 1,

Karachi Central, Karachi, Pakistan

Tel.: +92-21-34750-661

Website: 92newshd.tv

Tax/ ID Number

0053420

Financial Information

Revenue (Financial Data/ Optional)

USD 3.55 Million / PKR 372.91 Million

Operating Profit (in Mill. $)

USD -4.9 Million / PKR -52.42 Million

Advertising (in % of total funding)

Missing Data

Management

Executive Board

Muhammad Hanif

Chief Executive Glaxy Broadcasting Pvt Ltd, shareholder

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

The company was sent information request on 15.01.2019 through a courier company as well as by email. The company did not respond even after a reminder was couriered on 01.02.2019 and emailed on 04.02.2019 but the information was not forthcoming. The company does not have online presence. Financial information has been obtained from a report for 2017 submitted by the company to the SECP. The average exchange rate (105) of the Central Bank of Pakistan for the year 2017 was used to covert PKR into USD.

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