Shaheen Foundation
Shaheen Foundation, PAF was established in 1977 by the Pakistan Air Force under the Charitable Endowment Act 1890 to promote welfare activities for the benefit of serving and retired PAF personnel including civilians & their dependents by generating funds through industrial and commercial enterprises. Shaheen Foundation holds 25% share in Capital FM Private Ltd which operates one of the FM 100 Pakistan radio stations in Islamabad.
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Capital FM Private Limited
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is armed force of the state of Islamic Republic of Pakistan. It is a disciplined force working under the Federal Ministry of Defence. On its website, Pakistan Air Force’s stated mission is: “Maintain peace with honour, should deterrence fail ensure sovereignty of Pakistan Airspace.“ Core value of the force is: „Integrity, Duty, Excellence“ while vision includes: “To be among the most respected Air Force of the world.“ Like other armed forces of the country, Pakistan Air Force is also engaged in welfare activities to what it says serve serving and retired members besides commercial activities.
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An information request was on 23 January 2019 to Capital FM (Private) Limited on its postal address through a courier company as well as by email. There was no response to the request. A reminder was couriered on 15 February 2019 and emailed on 17 February 2019. Again, there was no response from the outlet. Documents received from Securities and Exchange Commission of Pakistan (SECP) did not include any audit report for any financial year the owner submitted. However, the SECP documents do provide data about owners and company which own the radio station. On 19 April 2019 at around 11.40am (Pakistan Standard Time), CEO FM 100 Islamabad Mr Aman Ahmed was called on his Karachi office # 021-34549055 to seek information about FM 100 Islamabad station. The operator connected with the CEO who referred MOM Pakistan researcher to GM Operations Mr Qazi Ahmed Mateen to talk to. Mr Mateen told MOM Pakistan researcher that Pakistan Electronic Media Regulatory Authority told him “not to share” any information with MOM Pakistan partner Freedom Network for the MOM Pakistan project. Through SECP documents it was discovered that Shaheen Foundation, which is set up by Pakistan Air Force in 1977 through the Charitable Endowment Act 1890, holds 25% shares in the company – biggest shareholder among all.
