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Lahore University of Management Sciences (LUMS) (Urdu: جامعۂ لاہور برائے علومِ انتظامیات) is a Social Enterprise & Research university, located in Lahore, Punjab, Pakistan. In 1984, Syed Babar Ali, a renowned businessman in Pakistan, recognized the shortage of qualified managers in the country. He proposed to establish a world-class university that would attract and retain the highest caliber of students and faculty. He shared this idea with fellow businessman and close friend, Abdul Razak Dawood, who was in full support of the vision. The university has since then expanded, launching a liberal arts undergraduate school in 1994, an engineering school in 2008, a law school in 2004 and an education school in 2017. The university launched a National Outreach Programme (NOP) in 2001 to provide financial aid to students and in 2015, in partnership with Afghan government, launched a scholarship programme for Afghan students to diversify its student body. As of 2021, the university has a student body of 5,092 graduate and undergraduate students, a faculty of 300 out of which nearly three-quarters have doctoral degrees. Its campus, where more than half of its student population and faculty lives, spreads over 100 acres. Its business school is accredited by Association to Advance Collegiate Schools of Business. It is also one of two business schools in Pakistan to be certified by the South Asian Quality Assurance System and is ranked as one of the top business schools in the country. The university is also a member of Association of Commonwealth Universities. LUMS is ranked as the top university in Pakistan in the QS University Rankings for the year 2016, 111th in Asia and among the top 700 in the world. It is also ranked by QS as among the top 250 universities globally for business and among the top 400 universities globally in mathematics. In 2020, LUMS was ranked 40 globally in "World's Best Small Universities" by Times Higher Education, being the only Pakistani university on the list. Following a liberal arts curriculum, LUMS is one of Pakistan's most expensive, selective and progressive universities. LUMS counts several prominent Pakistani intellectuals and public figures among its alumni and current and former faculty including Umar Saif, Hina Rabbani Khar, Adil Najam, Arif Zaman, Amer Iqbal, Ayesha Jalal, Asad Abidi, Osama Siddique and Pervez Hoodbhoy. It also counts several Fulbright, Chevening and Rhodes scholars among its alumni. History The university was granted a charter by the government of Pakistan in March 2023. The LUMS Board of Trustees comprises members of the domestic business community, academics and government representatives. The principal functions of the board are to set policy guidelines and to review the operations of the university. The Board of Governors, as the sponsor of LUMS, raises funds for the university's operation and maintenance. In 1986, a business school by the name of Lahore Business School was established for an MBA Programme. Later the school was renamed and is known as Suleman Dawood School of Business. After the construction of the current campus, LUMS started undergraduate programmes in Economics and Computer Sciences in 1994. In 1996, the School of Arts and Science was introduced to oversee the undergraduate programmes. LUMS established the School of Humanities, Social Sciences and Law to oversee the Social Sciences, Economics and Law departments. The School of Sciences and Engineering, for the disciplines of Mathematics, Computer Science and other science subjects, was established in 2008. In 2016, the university charges Rs. 272,400 tuition fee per semester for undergraduate students. From 2020, the university changed the fee structure to a credit-based system. For the year 2021–2022, the per credit hour tuition fee was Rs. 23,760. LUMS launched the National Outreach Programme (NOP) in 2001 to reach out to bright students from underprivileged areas of Pakistan. Under this initiative, induction of selected candidates into the academic programs is facilitated by preparation for the university's admission criteria and then by a provision of full financial assistance to those who qualify. Many students are admitted to LUMS on the basis of the NOP. There are very few number of scholarships that are offered on need/academic achievement basis. LUMS loan scheme covers 20%-100% of the tuition fee component of the student. LUMS loans are interest-free. According to LUMS, it has disbursed PKR 3.2 billion in financial assistance, with approximately 30% of the student body receiving some form of financial assistance each year. During the academic year 2015-16 alone, LUMS disbursed more than PKR 500 Million as financial aid to its students. As of 2016, more than 800 scholars have benefited from the LUMS National Outreach Programme (NOP). In 2017, the Shahid Hussain Foundation established scholarships for international undergraduate students from South Asian Association for Regional Cooperation member countries. LUMS also offers a variety of scholarships to MBA students such as SAARC scholarship, MCB interest-free loans. It is the only institute in Pakistan offering the Asian Development Bank-Japan Scholarship Program (ADB-JSP). Not-for-profit status LUMS is a federally chartered university and is approved as a not-for-profit organisation under section 2(36) of Income Tax Ordinance, 2001 in terms of provisions of Clause 63 of Part IV of Second Schedule to the Ordinance. Any individual or organisation making donations to LUMS is entitled to a tax credit under section 61 of Income Tax Ordinance, 2001. Moreover, the university has been granted exemption from the levy of income tax under Section 159 of the Ordinance, thus, tax is not deductible on payments made to the university. Campus The oldest building at LUMS is the two-storey Academic Block designed by Habib Fida Ali which spreads over an area of 150,000 sq. ft. The Mushtaq Ahmad Gurmani School of Humanities and Social Sciences (MGSHSS) is based in this building. The five-storey Suleman Dawood School of Business (SDSB) building occupies an area of 160,000 sq. ft, and accommodates over 1300 students. The Syed Babar Ali School of Science and Engineering (SBASSE) is based in a 5-storey building which covers an area of 300,000 sq. ft; the building includes a 10MW electrical grid station and 20 research labs. The latest addition to the building is National Incubation Center in the basement. The Shaikh Ahmad Hassan School of Law (SAHSOL) spreads over an area of 78,000 sq. ft and comprises auditoriums, discussion rooms, faculty offices, meeting rooms, the Centre for Chinese Legal Studies and a state of the art moot court which is a replica of the courtroom of the Chief Justice of the Lahore High Court. More than half of the student body at LUMS lives on campus, which includes seven male and five female hostels. The Syed Maratab Ali Sports Complex includes a school gym and sports faciliti.... Discover the Mahrukh Hassan popular books. Find the top 100 most popular Mahrukh Hassan books.