Foundation for Higher Education was established in 1994 under the Societies Registration Act, 1860 as a non-profit institution committed to the provision of quality education in Pakistan. IoBM is the first educational institution established by the Foundation. Following are the members of the Foundation:

  • Mr. Shahjehan S. Karim, President
  • Mr. Sani Ahmed
  • Dr. Mehtab Syed Karim
  • Dr. Musarrat Hasan
  • Mr. Mohsin Furqan
  • Mrs. Sabina Mohsin
  • Mr. Talib S. Karim
  • Dr. Ahmer S. Karim
  • Mr. Mehboob Syed Karim
  • Mr. Nabhan Shah Karim
  • Mr. M. W. Jahangir, Secretary