High Quality Content by WIKIPEDIA articles! The Lahore University of Management Sciences, usually referred to by its acronym LUMS, is a highly distinguished residential academic research university located in Lahore, Pakistan. It is widely regarded as being Pakistan`s best university. LUMS was established in 1984 by a group of industrialists and professionals belonging to Pakistan`s leading private and public sector corporations, to provide rigorous academic and intellectual training to students. According to the Higher Education Commission of Pakistan, LUMS is the top ranked Pakistani university among institutions that offer degrees in Business Management and Information Technology in South Asia. In 2011 globally renowned Pakistani intellectual Dr. Adil Najam was appointed the third Vice Chancellor of Lahore University of Management Sciences (LUMS).