[1][2] In January 1998, a bill was unanimously approved by the Provincial Assembly of Sindh for establishing a university known as the Institute of Business Management in the private sector.

He is also quoted as stating, "In the form of IoBM, late Shahjahan S. Karim has given the country an institution that now has become a pride for Pakistan.

Today, as you graduate from this auspicious university, it is crucial to embrace and portray the positive side of Pakistan as you step into the corporate world".

[4][5][2] IoBM started in 1995 as a College of Business Management offering BBA, MBA and Phd degrees.

[citation needed] IoBM admissions are held twice in a year (March and August) for all programs and thrice ( March, June & Dec) for Executive MBA Students IoBM has a unique type of Event Organization system as compared to other institutes in Karachi.