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Azad Papers Private Limited

The company was set up in 1969 by two people, Abdul Matin Ansari, who at that time was the executive director of Pakistan Institute of Industrial Accountants, and Fazle Mobin Ahmad, the proprietor of a dry-cleaning business in Karachi. Each of them had 50 per cent shares in the company.

It is not clear from the official documents as to how and when the company’s ownership was transferred to Islamic Research Academy and other owners listed below. It is also not known what role, if any, did Chaudhry Ghulam Muhammad, daily Jasarat’s founder as per its own masthead, played in setting up the company.

Key facts

Business Form


Legal Form

Limited Liability Company

Business Sectors

Printing and publishing


Individual Owner

Islamic Research Academy

Islamic Research Academy is a think tank ideologically affiliated to a rightwing religious party, Jamaat-e-Islami. It is registered as a non-profit, non-government organization under the Societies Registration Act, 1860. It has its headquarters in Karachi and runs a publishing house – that publishes books, research articles and an Urdu language research journal called Maarif – as well as a book shop. A part of the academy is dedicated to publishing books and articles by and on Abul A’ala Maudoodi, the founder of Jamaat-e-Islami.


Mian Muslim Pervaiz

Mian Muslim Pervaiz is a senior member of Jamaat-e-Islami. He has led his party’s councillors in Karachi’s elected city council between 2001 and 2005 when another Jamaat-e-Islami leader, Naimatullah Khan, served as the city’s nazim (mayor).
Muslim Pervaiz has also worked as the chief executive officer of daily Jasarat in the recent past.

Media Outlets
Other Media Outlets

Other Online Outlets


General Information

Founding Year


Affiliated Interests Founder

Chaudhry Ghulam Muhammad

A senior leader of a rightwing Islamist political party, Jamaat-e-Islami, he was politically active in the1960s in an opposition movement against the rule of Pakistan’s first military dictator General Ayub Khan.
Towards the end of the same decade, he reached the post of his party’s chief in the country’s largest city, Karachi. Since he was a man of vast means, Jamaat-e-Islami’s top leadership asked him to finance a daily newspaper to propagate the party‘s viewpoint to the public. It was largely with his donation of money that daily Jasarat came about.


Missing Data


Syed House, 3rd Floor, Opp. Bombay Hotel Building, I I Chundrigar Road, Karachi

Tel: 92-(0)21-32630391-4

Fax: 92-(0)21-32629344


Tax/ ID Number


Financial Information

Revenue (Financial Data/ Optional)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data


Executive Board

Dr Abdul Wasay Shakir

Chief Executive Officer, a physician at the Aga Khan University Hospital, Karachi, he is also the president of Pakistan Society of Neurology and a naib ameer (vice president) of Jamaat-e-Islami in Karachi.

Other Influential People

Athar Hashmi

Having worked in various newspapers including Hurriyat, a prominent Urdu daily in Karachi during the 1960s and the 1970s, he has been associated with daily Jasarat for the last 30 years or so.

Further Information

Data Publicly Available

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

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Meta Data

The company was sent information request on 14 January 2019 through a courier company as well as by email. It did not respond even after a reminder was couriered on 1st February 2019 and emailed on 4 February 2019. No verified online information is available about daily Jasarat’s ownership structure and its financial status.
The data obtained from SECP also does not provide information about its latest financial status.
Interviews were conducted in June with Shahid Hashmi, a member of board of directors of Azad Papers Private Limited that owns and runs daily Jasarat and with Muzaffar Ejaz, a senior member of daily Jasarat’s editorial board.

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