Malik Riaz, Pakistan’s well-recognized property tycoon, is all set to enter the u . s .’s aggressive media landscape. one of the richest people in Pakistan, his Bahria town schemes are known for their posh housing communities.
To be sure that his projects are carried out easily in Pakistan, the multi-millionaire makes no secret of the truth that greases quite a lot of arms. Now, in a bid to higher offer protection to his business pursuits and popularity, the 66-12 months previous Mr. Riaz is all set to launch a media empire.
the true estate mogul has plans to launch a couple of channels, as he instructed Reuters in an interview held previous this month. He stated, “to stop blackmailers, i have determined that there’s no way but to enter media. i will launch many tv channels, no longer one.”
Malik Riaz will launch a media empire to give protection to his commercial interests and personal recognition
at all times a determine that has attracted controversy, Malik Riaz is embroiled in lots of ongoing investigations into his industry practices by means of national Accountability Bureau. Allegations towards him include unlawful land grabbing and currying favor with politicians to acquire land for his property business on low cost rates.
The mogul denies any wrongdoing and stresses the need for having a powerful voice within the media to fend off these allegations. in the past he additionally held the license to Bol television, sooner than selling it to Axact in 2013.
His Bahria town challenge is bigger than Islamabad itself, and it comprises a part of his property portfolio encompassing greater than 40,000 acres of developed land countrywide. Bahria city also employs 60,000 personnel.
A a long way cry from the rest of the u . s . a ., the housing communities are like an ecosystem of their own with clean roads, imported grass and round-the-clock security. recently Bahria city entered a partnership with Mobilink to supply digital services to the inhabitants of Bahria city, as well as one with p.c. for ICT options.