He proposed to establish a world-class university that would attract and retain the highest caliber of students and faculty.

He shared this idea with fellow businessman and close friend, Abdul Razak Dawood, who was in full support of the vision.

[12] Following a liberal arts curriculum, LUMS is one of Pakistan's most expensive, selective and progressive universities.

[22][23] LUMS counts several prominent Pakistani intellectuals and public figures among its alumni and current and former faculty including Umar Saif, Hina Rabbani Khar, Adil Najam, Arif Zaman, Amer Iqbal, Ayesha Jalal, Asad Abidi, Osama Siddique and Pervez Hoodbhoy.

The LUMS Board of Trustees comprises members of the domestic business community, academics and government representatives.

The Board of Governors, as the sponsor of LUMS, raises funds for the university's operation and maintenance.

[26] After the construction of the current campus, LUMS started undergraduate programmes in Economics and Computer Sciences in 1994.

[28] LUMS launched the National Outreach Programme (NOP) in 2001[26] to reach out to bright students from underprivileged areas of Pakistan.

Under this initiative, induction of selected candidates into the academic programs is facilitated by preparation for the university's admission criteria and then by a provision of full financial assistance to those who qualify.

[30] In 2017, the Shahid Hussain Foundation established scholarships for international undergraduate students from South Asian Association for Regional Cooperation member countries.

The oldest building at LUMS is the two-storey Academic Block designed by Habib Fida Ali which spreads over an area of 150,000 sq.

The Mushtaq Ahmad Gurmani School of Humanities and Social Sciences (MGSHSS) is based in this building.

[35] The five-storey Suleman Dawood School of Business (SDSB) building occupies an area of 160,000 sq.

The Syed Babar Ali School of Science and Engineering (SBASSE) is based in a 5-storey building which covers an area of 300,000 sq.

ft and comprises auditoriums, discussion rooms, faculty offices, meeting rooms, the Centre for Chinese Legal Studies and a state of the art moot court which is a replica of the courtroom of the Chief Justice of the Lahore High Court.

[36] More than half of the student body at LUMS lives on campus, which includes seven male and five female hostels.

[39] The LUMS library provides services that include loans, online information searching, reference services, inter-library loan, document delivery, photocopying, viewing of audiovisual and microfilm materials, access to virtual collections and digital resources, CD-ROM and online searching.

The school is led by Dr Fazal Jawad Seyyed along with Dr. Faiza Ali, Dr. Adeel Zaffar, Dr. Zehra Waheed and Dr. Tanveer Shehzad serving as Associate Deans' of Research, External Relations, Undergraduate Academics and Graduate Academics respectively.

[51] On 14 November 2020, SBSD introduced hybrid class structure to balance safety and class-instruction quality during the coronavirus pandemic led by Dr. Syed Aun R. Rizvi then Associate Dean Academics.

[52] In 2020, SBSD's Muhammad Abdullah scored the highest marks and was declared the global winner in ACCA's Strategic Business Reporting exam.

[56] A vast majority of BS graduates join leading graduate and Phd programs of some of the leading universities of the world such including ETH Zürich, MIT, Cornell, UC Berkeley, Stanford and Dartmouth college.

The establishment of SAHSOL has grown out of the LUMS Department of Law and Policy, which has been functioning since 2004, offers a 5-year joint BA-LL.B undergraduate programme, accredited by the Pakistan Bar Council.

The exploratory phase for the LUMS School of Education was initiated in October 2015 with funding from the Babar Ali Foundation.

According to university sources, over the course of the project phase, the team established local, regional and international links through events such as the inaugural Education Roundtable at LUMS in March 2016.

It is focused on solving governance problems in the public sector through design thinking, prototyping and iteration.