The Government of Khyber Pakhtunkhwa declared the Institute autonomous through its notification No. SO (UE) 1-47/98 on June 12, 1999 as the Institute of Management Sciences. The status as a statutory entity was granted to it through the promulgation of the Institute of Management Sciences Ordinance 2002 by the Governor of the Khyber Pakhtunkhwa on October 02, 2002 through No. LEGIS: 1 (12)/98/7278 by the Law Department, Government of Khyber Pakhtunkhwa.
In its seventh meeting on May 10, 2005, the Board of Governors allowed IMSciences to issue its own degrees to fuel academic growth and determine its own strategic priorities
The philosophy of IMScience is driven by public spirit, not by profitability. Its philosophy features a sharp focus on providing education backed by a pragmatic approach to life and its challenges through intensive research in all relevant fields. The philosophy is further energized by a strong commitment to the professional development of the students for making their future economically secure and socially productive and intellectually dynamic.
The philosophy revolves around the centre of excellence in the academic achievements of our students for securing their careers in the everexpanding world of technology and industry.