Socialization is the way where both family and peer group play a vital role to develop personality of child around the world. The prime objective of the study is to explore the socialization process of family and peer group and this study also investigates which agents are more influential on personality development and providing freedom. Total 200 male respondents from Bahauddin Zakariya University, Multan, Pakistan were selected from 10 departments out of 34 departments through stratified sampling and simple random sampling. Numerical and mathematical proceeding digits have been used to collect data and analyzed data through using the program of SPSS. The findings revealed that peer group is more influential than the family regarding personality development, providing freedom, sharing interest, media experience, thought, gender socialization and daily life experience. Parents should be more conscious about the social circle and activities their children. And peer should condemn the antisocial activities if any found among their fellows.