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.
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
Individual Owner
Other Print Outlets
92 Roznama
Other Online Outlets
https://www.roznama92news.com
https://92newshd.tv/live/
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
Hamza Oil Terminal
Education
Health
Madinah Teaching Hospital
Madinah Medical Centre
General Information
Founding Year
2005
Affiliated Interests Founder
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;
appears in the Memorandum of Association as one of the founding shareholders alongside Ms Nafeesa. No information was found about Mr Siddiqui. In the Memorandum of Association Ms Nafeesa is shown as owning 1.99 million shares and Mr Siddiqui 500 shares. Both these are no longer shareholders in the Form A (annual statement of accounts of company) submitted to SECP on 27 Oct 2018.
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
Chief Executive Glaxy Broadcasting Pvt Ltd, shareholder
Director Glaxy Broadcasting Pvt Ltd, shareholder
Director Glaxy Broadcasting Pvt Ltd shareholder
Further Information
92 News celebrates its fourth anniversary (2019), 92 News, Accessed on March 21, 2019
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.
