A track sprinter, Muhammad Ashiq competed in cycling for Pakistan at both the 1960 and 1964 Olympics. He won a silver and bronze medal at the 1958 and 1962 Asian Games. Ashiq actually started his sports career as a boxer but turned to cycling when his wife complained about the constant bruising he was sustaining. During his cycling career he rode for his employer, Pakistan Railways. He was later released by Pakistan Railways and tried to get a job as a trainer, without success. Ashiq bought a bus and hired a driver to run a route for him but after the bus crashed, he lost it, and eventually his home. He turned to living in rental housing and driving a rickshaw to survive in later years.