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IU was established in 1991 by the Pakistan Benevolence & Social Management Trust. The initial development of IU was supported by academic collaboration with the University of Hull, Uk. In 2002, ICBS was chartered by the Govt. of Punjab as independent degree awarding institution (Imperial University Ordinance, 2013). The Higher Education Commission(HEC) awarded the University with the highest category status “W” which is reserved for those institutions that fulfill all criteria of an International Quality University.The University degrees are recognized by the Higher Education Commission, Pakistan Engineering Council and by the institutions abroad.