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FM Mast 103

With a mix of infotainment with music, religious, food and health shows and a regular news bulletin, FM Mast 103 is regarded as one of the “largest radio stations” in Pakistan. The station links listeners with RJs through short messaging service, Interactive Voice Response and multiple social media platforms. FM 103 is also accessible on mobile phone worldwide providing Pakistani expats in different countries around the globe to stay connected with music and news and views.

Key facts

Audience Share


Ownership Type


Geographic Coverage


Content Type

Free to air

Passive Transparency

upon request, ownership data is easily available from the company/channel

3 ♥

Media Companies / Groups

Trade Serve International


Ownership Structure

FM Mast 103 is operated by Trade Serve International Private Limited. The shares of the company are divided between two shareholders Muhammad Imran with 75% and Fatima Zahra with 25%. It is very likely that they are related and comprise a family, since they are registered at the same address.

Voting Rights

Every member present in person shall have one vote expect for elections of Directors in which case the provisions of Section 178 shall apply

Individual Owner

Group / Individual Owner

Fatima Zahra

There is no information available about Fatima Zahra. However, in certified documents MOM Pakistan obtained from Securities and Exchange Commission of Pakistan (SECP) she shares address of Muhammad Imran which makes it very likely that both are related or come from same family.

Media Companies / Groups

General Information

Founding Year


Affiliated Interests Founder

Muhammad Imran

founder of the FM 103 radio station, is a graduate of Science B.Sc. (Double Maths / Physics) from the University of Punjab besides taking courses in B.Sc. (Electric Engineering) from Pakistan Air Force College of Aeronautical Engineering (1983-1988) after doing matriculation from Pakistan Air Force Intermediate College Sargodha (1980). After the studies, Imran worked as a journalist in Pakistan’s leading news organizations like, The Muslim (Islamabad), The Frontier Post (Islamabad) and weekly The Friday Times (Lahore) from 1988-1993. In this short stunt in media reporting/writing, Imran won the country’s Best Investigative Journalist (English) award from All Pakistan Newspaper Society in 1990 along with the Prime Minister’s award for the same category.

Affiliated Interests Ceo

Muhammad Imran

is the CEO of M/s Trade Serve International (Private) Limited. For more see above.

Affiliated Interests Editor-In-Chief

Missing Data


Regency Plaza, Mini Market, Gulberg II, Lahore

Telephone: +92(0)-42-35755383



Financial Information

Revenue (in Mill. $)

USD 0.67 Million / PKR 74 Million (2017-18)

Operating Profit (in Mill. $)

USD 0.32 Million / PKR 35.7 Million (2017-18)

Advertising (in % of total funding)


Market Share

Missing Data

Further Information

Meta Data

The station was sent information request on 23 January 2019 through a courier company as well as by email. The media outlet responded through Mr ‘Arshad Siddiqui’ promptly the same day and promised to share requested information soon. However, the outlet sharing partial requested information was received on 20 February 2019 through email after a reminder was couriered on 15 February 2019 and emailed on 17 February 2019. Muhammad Imran is the first FM radio network’s owner who responded to MOM Pakistan’s request for personal profile and photo.

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