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One of the largest universities of Pakistan, the Lahore University of Management Sciences (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, LUMS 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 the 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 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 while encouraging 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.

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