The Lahore School of Economics was established in 1993 and chartered by the Government of Punjab in January 1997, through The Lahore School of Economics Act 1997 (Provincial Assembly of the Punjab - Act II of 1997). It is based in the city of Lahore, Pakistan. The Lahore School of Economics has two campuses: the Main campus and the City campus. The Main campus, spread over 35 acres (140,000 m), is located on the intersection of DHA Phase VI, Main Boulevard and Burki Road. The City campus is located in Gulberg near the central Liberty Market area. The Lahore School is ranked 5th best Pakistani university for a business education according to Higher Education Commission of Pakistan. It is an internationally recognized Pakistani institute. The Lahore School has the following faculties/departments: The Lahore School's Research Centre, known as CAREB, takes part in national and international levels of research. CAREB is closely associated with various governmental and non-governmental research wings and think tanks.