Institute of Management Sciences, Peshawar has been ranked as the 5th best business school of Pakistan by the Higher Education Commission (HEC) of Pakistan in its latest ranking of public and private universities/institutes of Pakistan. The ranking was based on the implementation status of quality assurance, teaching quality and research work done by the universities/institutes. IMSciences was previously ranked as 7th in the same category. However, it improved its position in the 2013 rankings and has moved to 5th position.