Harman Patil (Editor)

Institute of Business Administration, Karachi

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Covid-19
Type  Public
Director  Farrukh Iqbal
Students  3377
Phone  +92 21 111 422 422
Undergraduate tuition and fees  141,000 PKR (2017)
Dean  Farrukh Iqbal
Established  1955
Academic staff  112
Undergraduates  2751
Founded  1955
Total enrollment  4,299 (2015)
Institute of Business Administration, Karachi
Address  KU Circular Rd, Karachi 75270, Pakistan
Motto  Leadership and Ideas for Tomorrow
Notable alumni  Mamnoon Hussain, Asad Umar, Shaukat Aziz, Sheheryar Munawar, Sarfaraz K Niazi
Similar  Shaheed Zulfikar Ali Bhutto Ins, NED University of Engine, Lahore University of Manag, Institute of Business Management, Sukkur Institute of Business
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Iba institute of business administration karachi cej


The Institute of Business Administration (IBA) is an independent university in Karachi, Sindh, Pakistan. Founded in 1955, it is the oldest business school outside of North America.

Contents

IBA was established as the business school in 1955 in collaboration between Pakistani government and USAID with the technical support from the Wharton School and the University of Southern California. Several prominent American professors were assigned to the IBA to develop curriculum. In 1982, it became the first Pakistani institute to offer a four-year liberal arts undergraduate degree. It remained a constituent school within the University of Karachi until, in 1994, when its status was elevated to an independent chartered university by the Sindh Government. Since 2003, IBA has expanded from a purely graduate business school to an interdisciplinary university with undergraduate, graduate and post-graduate programs.

IBA, today, is one of Pakistan's selective and highest-ranked institutes particularly known for its business program. It is one of the two Pakistani business schools to be awarded the coveted certification by the South Asian Quality System. IBA today has a campus with a covered area of 750,000 sq.ft mark and a student body of over 6,000 student's. IBA has collaborations' with 15 institutions worldwide, which include Babson College, Indian School of Business, S. P. Jain Institute and the Northwestern University. It count's several prominet public figure's and business leader's among its alumni, staff and students including the incumbent Pakistani President Mamnoon Hussain, former Pakistani Prime Minister Shaukat Aziz, and business leaders Asad Umer and Quentin D’Silva.

History

IBA is the brainchild of Mehmood Qadir (M.Q.), established in 1955 by the Wharton School of the University of Pennsylvania. The United States Agency for International Development (USAID) sponsored the program and approached the Wharton faculty to establish a business school in Karachi, Pakistan. The IBA offered post-graduate programs only for day scholars. In 1957, an evening program in graduate studies was started to cater to the needs of working executives and managers who were interested in furthering their careers through part-time business studies. In 1982, a three-year Bachelor of Business Administration (BBA) (Honors) program was introduced; this was upgraded to a four-year program by the President Pervez Musharraf administration. The institute's graduate program offering includes executive Master of Business Administration (MBA) for banking and financial services professionals, corporate managers, and public sector executives. These programs require work experience in the industry, resulting in a high average age of the class – upwards of 30 years. Till 1994, the University of Karachi awarded degrees to the graduates. In that year, the Sindh Assembly elevated the institute's status to that of a degree-awarding institution.

The Center for Computer Studies (now renamed as the Faculty of Computer Science) was established in 1983 with the collaboration of IBM, Pakistan. It offered a diploma in systems analysis. It now offers BBA (MIS), BS (Economics and Mathematics), MBA (MIS) and BS (Computer Science, Software Engineering, Information Technology), MS (Computer Science, Software Engineering, Information Technology), and Ph.D. programs. In addition, a Ph.D. program in MIS/Computer Science and Engineering/ICT was launched in August 2005. The Ph.D. degree has been expanded to include Operations Research, Artificial Intelligence, Cryptography, Numerical Analysis and Numerical Computing. The Center for Computer Studies is ranked number 1, according to the Higher Education Commission rankings.

When established, the university had its only campus, called University campus, at Karachi University. Later another campus, known as City campus, was established for evening studies. City campus now holds morning and evening classes. In 2006, the Institute of Business Administration was granted 50 acres (200,000 m2) of land by the Sindh Government for the development of an Education City in Karachi. The Tabba foundation in Pakistan donated the institute Rs.120 million for upgradate of facilities on the IBA campuses. The United States government and the IBA are to establish a centre for entrepreneurship at the school to support new businesses, help create Pakistani enterprises and link students with private sector venture capitalists. IBA has also started its Entrepreneurship Development Program in collaboration with Sindh Board of Investment.

After the retirement of Dr. Ishrat Hussain from the post of Dean and Director of Institute of Business Administration Karachi in 2016, Dr. Farrukh Iqbal has been appointed as new Dean and Director. Governer of Sindh, Dr. Ishrat Ul Ebad, has appointed Dr. Farrukh Iqbal as Director Institute of Business Administration, Karachi, for a period of four years. Dr. Farrukh Iqbal has more than thirty years of Research and Management experience in the World Bank across a diverse range of countries and sectors. He holds a bachelor's degree from Harvard University and a Ph.D. in Economics from Yale University, USA. Among sectors, he has worked and published on various aspects of economic development including growth, poverty, small and medium enterprises, trade and foreign investment, health insurance, local government development, and political economy issues.

Following the retirement of Dr Ishrat Hussain (Dean and Director of Institute of Business Administration, Karachi), Dr. Sayeed Ghani, Associate Professor and Associate Dean — Faculty Computer Sciences, IBA was appointed as the acting Dean and Director Institute of Business Administration, Karachi as of March 2016. Dr. Ghani has a B.S. from MIT and M.S. and Ph.D from Columbia University in Electrical Engineering. Later on Dr. Farrukh Iqbal was elected as the official Dean and the director of IBA Dr. Ishrat Hussain holds a master's degree in Development Economics from Williams College and a Ph.D. in Economics from Boston University. He is a graduate of the Executive Development Program jointly sponsored by Harvard, Stanford and INSEAD. He was also the Governor of the State Bank of Pakistan, Pakistan's Central bank from 2 December 1999 to 1 December 2005.

Affiliation

  • IBA was accredited by the South Asian Quality Assurance System (SAQS) in 2011.
  • Member of the European Foundation for Management Development.
  • CFA University Partner and the first university in Pakistan to be granted that status by the CFA Institute.
  • Societies and clubs

  • Adventure Club
  • Alumni & Placement Society
  • Arts Society
  • Boys Hostel Society
  • Boys Sports Society
  • Community Welfare Society
  • Computer Science Society
  • Dramatics Society
  • Economics Club
  • Entrepreneurship Society
  • Finance Club
  • Girls Hostel Society
  • Girls Sports Society
  • Go Green Society
  • Human Resource Club
  • Iqra Society
  • Leadership Club
  • Literary Society
  • Marketing Club
  • Mathematics & Astronomy Club
  • MBA Club
  • Media and Communications Society
  • Music Society
  • Photography Society
  • Public Speaking Society
  • Social Sciences Club
  • IBA Wide Student Council (ISC)
  • Notable people

  • Notable People
  • This is a partial list of notable people of Institute of Business Administration, Karachi.

  • Mamnoon Hussain, President of Pakistan, a textile businessman, and senior figure of Pakistan Muslim League.
  • Shaukat Aziz, former Prime Minister of Pakistan. He has also had a distinguished career at Citibank
  • Matin Ahmed Khan, Dean and Director, Institute of Business Administration, Karachi, 1972-77
  • Irfanullah Khan Marwat, former Provincial Minister of Sind, is a senior Pakistani politician.
  • Asad Umar, ex-CEO Engro Corporation, politician and Member National Assembly from Islamabad
  • Abdul Quayyum Khan Kundi, ex-president Pakistan Chamber of Commerce USA, businessmen, columnist
  • Sheheryar Munawar Siddiqui
  • Abbas Hashmi, founder of Green Card Capital and investment banker
  • Quentin D’Silva, former Chairman & Chief Executive, Shell Pakistan Limited
  • References

    Institute of Business Administration, Karachi Wikipedia


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