IBA is the oldest business school outside North America. It was established in 1955 with initial technical support provided by the world-famous Wharton School of Finance, the University of Pennsylvania later, the University of Southern California set up various facilities at the Institute, and several prominent American professors were assigned to the IBA. IBA has zealously guarded the high standards and academic traditions it had inherited from Wharton and USC while adapting and adjusting them with time.
"To be among the best learning institutions in Pakistan—recognized for developing potential leaders, nurturing a vibrant community of scholars and practitioners, generating innovative ideas, and promoting creative solutions that address the needs of Pakistan, the region, and the global community."
For the Institute of Business Administration, 2016 marks both the end of one era and another. After completing a successful inning spanning over eight years, Dr. Ishrat handed over the baton of IBA's leadership to the next Dean and Director. To date, the IBA has been led by ten visionary individuals, and each has made his significant contribution to the development of the Institute. Their contribution to making IBA the institution that it is today can never be discounted. But history will record Dr. Ishrat Husain's outstanding performance as a pivotal moment, one that carried the institution firmly but surely into the 21st century. The IBA today sets a standard that other institutions emulate and serves as a beacon of hope and success for students across the nation.
The Institute has gone through significant changes over these six decades to embrace a more comprehensive set of disciplines in its curricula. These changes have been made to respond to society's requirements, the market, and the economy. They are also an outcome of associations forged with credible institutions, both local and international, and various stakeholders' most prominent being the IBA Alumni.
During the last eight years, the Institute has witnessed massive developments in all areas ranging from infrastructure, accreditations, increase in programs, faculty, and students to linkages, thus changing IBA's physical and academic landscape. Prominent among Dr. Ishrat's contributions is overseeing the inception and development of Centres of Excellence such as Centre for Excellence in Islamic Finance (CEIF), Centre for Excellence in Journalism (CEJ), Centre for Business and Economics Research (CBER), Centre for Executive Education, Centre for Entrepreneurship Development (CED) and the Ardeshir Cowasjee Centre for Writing. The establishment of Centres of Excellence fulfills a crucial need by servicing professional communities outside the institution and student, faculty, and staff. They complement the institution's mission and serve as crucial avenues through which the IBA returns to society.
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