Abdul Razzak Yaqoob
Pakistani businessman (1944 – 2014)
From Wikipedia, the free encyclopedia
Abdul Razzak Yaqoob (7 May 1944 – 21 February 2014) was a Pakistani gold bullion trader who founded ARY Gold in the United Arab Emirates and later ARY Media Group.
Abdul Razzak Yaqoob | |
|---|---|
| Born | 7 May 1944[1] |
| Died | 21 February 2014 (aged 69)[1] |
| Known for | Founder of ARY Digital Network |
| Relatives | Salman Iqbal (nephew)[2] |
Early life
He was born in Surat, British India to Memon family in 1944 which later migrated to Karachi after partition.[3]
Business career
Yakoob moved to the United Arab Emirates in the 1960s and started gold business with an outlet in Dubai. He founded ARY Group in 1972 and launched a private television channel ARY Digital in 2000.[3]
He was associated with the ARY Gold bribery case in which he paid a bribe to then Prime Minister of Pakistan Benazir Bhutto to get exclusive rights to import and trade gold in Pakistan.[3] In January 1994, Schlegelmilch established a British Virgin Island based named Capricorn Trading, with Zardari as its owner.[4] He was the head of World Memon Organization (WMO).[5]
Philanthropy
He was a philanthropist and founded Khwaja Gharib Nawaz Welfare Trust International and Ehsaas Trust International.[6]
