CHRONOLOGY OF AUTONOMY
The Institute of Management Sciences, a pioneering business school in the region, began as a bold experiment that at once reformed public sector higher education and became a revolutionary model for the academic world. This government body of higher education grew out of the University of Peshawar; however, as a public sector academic institution, its uniqueness lies in its dual status as an autonomous government body. This self-governing administrative structure facilitates a more dynamic adaptation to the rapidly changing demands of the academic and professional worlds. The Institute’s independent organizational structure also allows for a larger endowment which enables students from diverse social and cultural backgrounds to benefit from the institute’s pledge of world-class education.
Established in May 1995, the Institute of Management Sciences was the first of its kind in Khyber Pakhtunkha to encourage education based on research and training in the fields of business administration, management sciences, and related disciplines. Initially, IMSciences offered only two programs with a meager strength of 180 students; however, gradually the Institute started incorporating a range of new programs into the academic structure which further resulted in significant increase in the student body. In view of its rapid growth owing to the dedication of the founding faculty, the Government of Khyber Pakhtunkhwa decided to grant autonomous status to the Institute in 1999. Consequently, the Institute’s policy-making was placed with the Board of Governors headed by the Governor Khyber Pakhtunkha. This eighteen member BOG is the supreme policy formulation and executive body of the Institute and comprises of distinguished educationists, industrialists, corporate executives, and representatives of the Provincial and Federal Government. Although it evolved from the University of Peshawar, today, IMSciences awards its own degree under the aegis of the Higher Education Commission of Pakistan.>
Each year, the enrollment level of the students increases by 100% which reflects successful maintenance of the Institute’s high repute among the populace. Perhaps the best measure of the Institute’s credibility is the success of its alumni: IMSciences graduates have taken up positions of leadership in entrepreneurial firms, leading companies, and public as well as private sector organizations across the country.
1999: The Government of the Khyber Pakhtunkhwa declared the Institute autonomous through notification No. SO (UE) 1-47/98 on the 12-6-1999 as the Institute of Management Sciences. 2002: The Status as a Statutory entity was granted through the promulgation of the Institute of Management Sciences Ordinance 2002 by the Governor of the Khyber Pakhtunkhwa on October 2, 2002 through notification No. LEGIS: 1 (12)/98/7278 by the Law Department, Government of Khyber Pakhtunkhwa.2005: In its 7th meeting on the 10th of May 2005, the IMSciences Board of Governors allowed IMSciences to issue its own degrees to stimulate academic growth and ascertain its own strategic priorities.