Malik Riaz takes back Daily Jinnah, plans to launch several TV channels to counter blackmailers

By Sarmad Ali

(Pakdestiny) Property developer and owner of Bahria Town group, Malik Riaz Hussain, has again taken the control of Daily Jinnah from Midas Pvt Limited.

Its staff had been without salary for the last six months. Riaz who decided to launch many TV channels as well as got its newspaper back from Midas.

Malik Riaz paid the outstanding salary and removed the top command of the newspaper. Now he has decided to launch a TV channel.

Riaz is one of the country’s richest and most powerful businessmen, a billionaire who has been caught up in corruption investigations and who is also well known for upmarket gated housing communities and charitable activities.

“The 66-year-old wants to build a media empire, which he hopes he can use to promote his own commercial interests and fend off those trying to tarnish his name.”

“I will go into media very soon. I will launch many TV channels, not one,” Hussain told Reuters in a rare interview earlier this month at his Bahria Town housing development, just outside the capital Islamabad.

“To stop blackmailers, I have decided that there is no way but to go into media.” – Pak Ddestiny


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