Mr Bilal Siddiqui appears to be related to Mr Zafar ul Hameed Siddiqi, the founder of Jaag Broadcast System Pvt Ltd, as they share the same home address in the accounts documents Jaag has submitted with SECP. The latest submitted Jaag documents with SECP are for the year 2017 and indicate that Zafar Siddiqi transferred all his 2,316,280 shares to Bilal Siddiqi. These constitute over 99.9% of all documented shares, making Bilal Siddiqi the owner of Jaag Broadcast Systems Pvt Ltd.
Jaag Broadcast System Private Limited operates Samaa TV, which has been around since 2007 and was one of the earliest players on Pakistan’s broadcast scene when the airwaves were opened up for private ownership in 2002 and independent TV channels allowed to operate. As one of the pioneers of the early years, it resisted temptation to sensationalize news and information like the others did. Indeed, its slogan has remained Sansani Nahi, Sirf Khabrain or No Sensationalism, Only News. It is still mostly recognized as a TV channel that makes an effort to offer relatively more balanced news bulletins.
Jaag Broadcast System Private Limited
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is the chairman of Samaa TV, related to Bilal Siddiqi, has a chartered accountancy and business background and has in over the past two decades become a major media player across several countries. He founded Samaa TV in 2007 and continues to serve it as its founding chairman. He is a former Pakistan partner of KPMG, a global network of firms providing audit, tax and advisory services. He ventured into media business in 1995 by establishing a broadcast service Telebiz in Karachi in 1995. Before founding Samaa TV, he co-founded Africa Business News (Pvt) Ltd in 2008, co-founder of CNBC Africa and founder of CNBC Arabia – serving all as chairman. He is also founder of CNBC Pakistan, serving as its chairman. He has been providing strategic oversight to these networks that serve over 70 countries with staff of over 1,000 people. Siddiqi is also the co-founder of Murdoch University in Dubai. He has also served on the board of the International Emmy's as well as the advisory council of the president of Nigeria. He is an Adjunct Professor of Murdoch University. He has a degree in chartered accountancy from the Institute of Chartered Accountants (England & Wales). Mr Siddiqi is also currently among the directors of M/s Project Implementation Managers Pvt Ltd that runs at least four FM radio stations (Samaa FM) in Karachi, Bahawalput, Lahore and Islamabad.
a Master’s degree holder in international broadcast journalism, she was appointed vice chairman of Samaa TV by her father and founder and chairman of Samaa TV Zafarul Hameed Siddiqui in 2016. But this was not before she worked as a presenter and producer on Samaa TV and a string of stints with broadcasters such as BBC, Channel 4, CCTV and ITN. She has experience in broadcast journalism, documentary making, media research and online journalism. She also runs www.cutacut.com, a digital media platform set up by and for the Desi Millenial and aims to “cut through the clutter of content and bring you stories that really matter.”It covers culture, entertainment, politics, gender and money and profiles ordinary people with extraordinary stories, influencers, celebrities and trend setters. It has a stated mission to “disrupt the industry, to challenge boundaries, create a dialogue about issues that have been brushed away and to make a social impact by giving a voice to the people, the issues and the causes that have been overlooked for far too long.”
The company was sent information request on15.01.2019 through a courier company as well as by email. The company responded through Mr Naveid Siddiqi after the reminder was sent on 04.02.2019 and promised to send the relevant details and information soon. However, the outlet sharing the partial requested information was received on 08.02.2019 through an email. The company does not have online presence. Financial information has been obtained from a report for 2017-18 submitted by the company to the SECP. The amounts have been converted into USD at a rate of PKR104 per USD 1, for June 2016, since the latest audited financial data available with SECP is for the fiscal year 2016.