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IoBM's
History

Shahjehan Syed Karim (Late)

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IOBM HISTORY

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1994

1994

Founder President Shahjehan S. Karim retires as Chief Secretary, Government of Sindh. Foundation meeting leading to the establishment of the Foundation of Higher Education and agreement in principle for the establishment of an institute of higher education in Karachi. Endowment fund established and seed capital provisioned.

1995

1995

Establishment of the College of Business Management (CBM) at premises in PAF Korangi Creek Base on a five-year rented lease. First batch of MBA and BBA students admitted in September. Classes commence – 21st September.

1996

1996

Sir Syed University grants affiliation status to CBM. Mr. Mahmud A. Haroon appointed as chancellor of CBM.

1997

1997

Professional Development Center established.

1998

1998

Sindh Provincial Assembly grants charter for the establishment of the Institute of Business Management. Affiliation with Sir Syed University terminates. Mr. Mahmud A. Haroon confirmed as first chancellor of the institute. First convocation held in November 1998. Degrees awarded to first batch of 119 MBA and 19 BBA students. The first chief guest of the IoBM convocation was Mr. Shahid Javed Burki, Vice President of the World Bank.

1999

1999

M. Phil (by thesis) program launched. Pakistan Business Review, Pakistan’s first business research journal, starts publication in April.

2000

2000

IoBM moves to its permanent Korangi Campus. A four year post higher secondary BBA program introduced. An MBA in Health and Hospital Management program launched. A BCS degree program introduced.

2001

2001

College of Computer Science and Information System CCSIS established.

2002

2002

An M. Phil program in Computer Science launched by CCSIS. IoBM’s first textbook Money and Banking in Pakistan published by Oxford University Press.

2003

2003

Mr. Ashraf W. Tabani takes over as chancellor. IoBM awards its first two M. Phil degrees.

2004

2004

Two new undergraduate programs introduced: Joint honors undergraduate program introduced in Finance and Accounting and Economics and Finance. BS program in Financial Mathematics and in Industrial Engineering and Management introduced.

2005

2005

IoBM celebrates its 10th anniversary.

2006

2006

MBA in Media Management and in Advertising launched at CBM MBA Industrial Management program launched.

2007

2007

Philip Kotler’s first IoBM workshop on marketing.

2008

2008

Department of Education and Social Sciences launches MBA in Education Management.

2009

2009

Memorandum of Understanding signed with Michigan Technical University USA and Whitney International University System, USA.

2010

2010

CESD initiated a BS in Media Studies program and established a media studies department at the college. Eduniversal Paris awarded Two Palms to IoBM and ranked it as one of the two best business schools in Pakistan.

2011

2011

IoBM joined the EU’s Erasmus Mundus program of collaboration with universities with six European and six Asian countries. The Business Support Centre was upgraded as the Management Excellence Centre with a widening of its operational mandate.

2012

2012

Establishment of College of Engineering and Sciences (CES)

2013

2013

Mr. Ilahi Bux Soomro takesover as Chancellor of IoBM. BE Electronics program approved by the Pakistan Engineering Council

2014

2014

IoBM awarded the Citizen Voice project for the promotion of an independent and free media to be undertaken in collaboration with the Trust for Democratic Education and Accountability (TDEA) and a USAID long term project for providing management training to not for profit organization (NPO) officials.

2015

2015

IoBM welcomes Mr. Najmuddin A. Shaikh as its 5th Chancellor. PBR upgraded to X-category.

2016

2016

IoBM signs MoU with TCF. IoBM celebrates 20 years.

2017

2017

Shahjehan S. Karim Center of Excellence (SSKCE) inagurated on June 10, 2017. Founder President Mr. Shahjehan S. Karim passes away. Mr. Talib Syed Karim is appointed second President of IoBM. Mr. M Bashir Janmohammad appointed as the 7th Chancellor IoBM. Dr. Ejaz Ahmed appointed as 2nd Rector of IoBM.

2018

2018

President IoBM, faculty and students invited to PM house. Dr. Irfan Hyder appointed 3rd Rector of IoBM.

2019

2019

EMEC Lecture Theater and Training Hall inaugurated. IoBM Alumni Association Office inaugurated.

2020

2020

IoBM completes 25 years. SSK Business Incubation Center inaugurated. IoBM implemented LMS in Spring 2020. Began conducting 100% online classes in March 2020. IoBM awarded a Relevant Degree Awarding Institute (RDAI) status by ICAP. IoBM awarded the highest category “W” by the National Business Education Accreditation Council (NBEAC).

2021

2021

IoBM named one of the members of the CPEC Consortium of Universities. Dr. Tariq Soomro Appointed 4th Rector of IoBM.
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Korangi Creek Karachi Sindh, Pakistan 75190
(+92-21) 111-002-004
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