Despite being shot twice in the head 67-year-old Mr Iqbal, who lives in Harehills, managed to turn in the driver's seat to speak to his younger brother Zulfqar Ali in the back. But the 45-year-old was mortally wounded.
Speaking from his bedside at Leeds General Infirmary, Mr Iqbal said: "I could see my brother was shot all over his chest. He spoke to me and said 'I don't think I will live, I think I'm going to die'.
"Then I blacked out. The next thing I remember was being moved and I could hear very faintly one of them (police officers) saying 'he's alive'.
"I was shot in my right side, my head, my shoulder and my legs. Our car was riddled with bullets.
"My brother died in the ambulance on the way to hospital. I don't know how, but God saved me."
Leeds North East MP Fabian Hamilton has pledged to hand a letter of protest from Mr Iqbal's son Zafar over the slaying, which happened during a visit to his homeland of Pakistan, to the country's President Musharraf on Thursday November 30.
The MP said: "I can't see anything in Islamic or Sharia law would support these type of people. The fact is one man is dead and my constituent is full of bullet wounds.
"We have got to do our best for this poor family and this poor man and the best I can offer is to put this letter before the president of Pakistan when I am in the country with the Foreign Affairs Committee.
"I will have to take advice from our High Commissioner in Pakistan to find out exactly what the correct protocol is on these matters."
Mr Iqbal, a father-of-six who has lived in Leeds with wife Sakina Bibi since the 1960s, believes the attack by hired thugs was ordered by a local landowner because his brother would not hand over land bequeathed by their late father.
Mr Iqbal said: "We were half a mile away from my brother's village, Kotli Kalwan, driving along a road which went between two rice fields.
"An open-top van came in front of us and then a landcruiser blocked us in and forced us to stop. This man, who is the brother of a local politician, looked at us from the landcruiser and then said 'kill them both'.
"There were many armed men in the vehicles and some came out of the rice fields on foot and started firing their automatic weapons. Bullets were hitting the vehicle, hitting my brother, hitting me."
Mr Iqbal, who worked as a taxi driver before retiring, had the bullets remove from his body during an emergency operation in a nearby hospital.
His brothers Muhammed Gulfaraz and Fazal Hussain flew over from Leeds and, with the help of the British Foreign Office, arranged a flight from the capital Islamabad back to Manchester on Friday, November 17, despite receiving death threats which forced them to move Mr Iqbal to a family safehouse.
Mr Iqbal had his wounds, which had become infected, operated on over the weekend at LGI where he remains a patient and is receiving trauma counselling.