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One of the largest universities of Pakistan, LUMS is a world class academic institution with a proud history of achievement and ambitious plans for the future. The idea of establishing the university took root in the mind of Syed Babar Ali, Pro Chancellor, who is the guiding spirit behind the university. With his resilient efforts and patronage of the business community, academia and representatives of the government, started the establishment of what was to become one of the leading universities of South Asia.

With support of ten of the leading public and private sector corporations of Pakistan, the National Management Foundation (NMF), the sponsoring body of the University, was incorporated on November 7, 1984. The NMF was granted a charter by the Government of Pakistan for establishing the University on March 8, 1985. Through this charter, the University was given the legal right to establish degree-granting programmes. In addition to this the government also granted authorisation to set up other schools under the aegis of the "Lahore University of Management Sciences".

The Board of Governors of NMF, being the sponsors of LUMS, raise the necessary funds for the University’s operations and meet its infra-structure requirements. Consequently all land and university buildings are owned by NMF. Many members of the Board of Governors of NMF are representatives of the business community and form a crucial link between the University and the business world. The Board of Trustees, the policy-making body of the University, comprises leading members of the business community, academia and representatives of the government. The principal functions of the Board are to set broad policy guidelines and to review the operations of the University which functions on no profit no loss basis.

Since its inception in 1985, LUMS has strived to achieve the aim of imparting world class education, encourage research and intellectual growth in the country. As a result, LUMS has played a key role in setting high standards of academics and producing professionals who can compete with counterparts from any university across the world.

The LUMS Business School, now known as the Suleman Dawood School of Business opened its doors to the first batch of MBA students in 1986. The LUMS MBA programme is world-class in standards and is based on the case methodology of teaching, which is the distinctive quality of the LUMS MBA programme. Adapted from leading business schools all over the world and then customised through local cases, this methodology has produced top business graduates of the country. The first class of MBA students graduated in 1988 and was rapidly placed in national and international companies. Some graduates became successful entrepreneurs.

The BSc Honours Programme at LUMS was started in 1994. In 1996, to administer the undergraduate programmes, the School of Arts and Sciences was formed. The programme initially offered Majors in Economics and Computer Science only but in the ensuing years many specialisations have been added, namely Social Sciences, Humanities, Mathematics, Accounting and Finance. In 2002, a five year, integrated, BA-LL.B degree was launched by the School of Arts and Sciences. To counter the scope and diversity of the increased programmes and departments two schools have been established, the School of Humanities, Social Sciences and Law was established to oversee the Social Sciences, Economics and Law Departments, and the School of Science and Engineering was established to oversees Mathematics, Computer Science, Physics, Chemistry, Biology and Electrical Engineering programmes.

Over the years, LUMS also initiated Masters programmes in Economics, Computer Science and Computer Engineering. An Executive MBA programme was launched in 2002 to facilitate managers and entrepreneurs. In addition, LUMS also offers a wide array of executive courses through the Rausing Executive Development Centre, which was established in 1994 with support from the Rausing family of Sweden. Since its inception the Centre has maintained its position as one of the finest institutes offering executive education in Pakistan.

LUMS also initiated PhD programmes in Computer Science, Computer Engineering and Mathematics in line with its aim to promote research in the country. To date, 7 candidates have obtained PhD degrees in these disciplines. In 2006 a PhD in Management was added to the list of doctoral programmes at LUMS, to counter the growing need of organisational management and operations management experts.

In 2011, two majors were introduced to the undergraduate programmes at LUMS. The School of Humanities, Social Sciences and Law added a BA History to their extensive list of humanities majors. The Suleman Dawood School of Business started offering a BSc in Management Sciences to cater to the increased demand of a business major at the undergraduate level.

The university continues to grow and develop new programmes in relevant, emerging fields for the youth of the region.

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