The Foundation of Advancement of Science and Technology was founded and established by the Bank of Credit and Commerce International financier.

Hasan Abidi, founder of BCCI, provided a large financial capital for the university to promote research in computer sciences and emerging technologies during the 1980s.

[3] Later this foundation established the National University of Computer and Emerging Sciences which was inaugurated by Former President and Chief of Army Staff General Pervez Musharraf in 2000.

[3] It is privileged to be the first private sector university, having multiple campuses set up under the Federal Charter granted by Ordinance No.XXIII of 2000, dated 1 July 2000.

FAST was a pioneer in Pakistan's IT sector development by offering the country's first undergraduate computer science curriculum, with its headquarters in Islamabad.

The FAST National University Lahore campus is situated in Faisal Town and spans 12.5 acres of land.

The Faisalabad campus offers degree programs in Computer Science, Electrical Engineering, and Business Administration.