The Pakistan Institute of Management (PIM), is located at Shahra-e-Iran, Clifton in Karachi, Sindh, Pakistan. Pakistan Institute of Management was founded in 1954. The PIM was established by the Government of Pakistan to promote management development in the country. PIM is a non-profit organization and its financial requirements are derived from course fees, contributions from member organizations and government grants. It has been a recipient of technical assistance from many international aid-giving agencies and is widely recognized at home and abroad as the country's leading management development institute. PIM functions under the Ministry of Industries & Production with an autonomous Board of Governors appointed by the Federal Government. The Secretary, Ministry of Industries & Production, is the Chairman of the Board. The operating head of the Institute is a director, who is responsible for administrative and academic affairs and is also a member of the Board of Governors. The Pakistan Institute of Management (PIM) started an executive MBA evening programme in 1998 in affiliation with IBA, Karachi[2].