AACSB and Pakistani Group Announce Agreement

Representatives from AACSB and NBEAC sign MOU over video call
Representatives of AACSB and NBEAC sign MOU over video call.

The National Business Education Accreditation Council (NBEAC) of Pakistan and AACSB International (AACSB) have entered a cooperative agreement to advance quality business education in Pakistan. The agreement recognizes the standing and importance of each in contributing toward this mutual goal. Through the agreement both organizations intend to explore synergies, share ideas and expertise, and engage in networking and learning and development opportunities in Pakistan.

Founded in 1916, AACSB is the longest-serving global accrediting body for business schools, and the largest business education network connecting learners, educators, and businesses worldwide. Today, a total of 882 institutions across 57 countries and territories have earned AACSB accreditation in business, including one university in Pakistan. Furthermore, 189 institutions maintain supplemental AACSB accreditation for their accounting programs.

“We are honored to enter this agreement with the NBEAC of Pakistan as we support the continued efforts and enhancements of business education in the country,” said Geoff Perry, AACSB’s executive vice president and chief officer of Asia Pacific. “Pakistan’s commitment to elevate the quality of higher education complements AACSB’s belief in the positive impact of business education on every community and industry.”

“We are excited about this collaboration, and it will benefit the whole region. We wish to learn from AACSB experiences and best practices for the enhancement of business education, and we are looking forward to welcoming AACSB in NBEAC networking activities,” said Ahtesham Ali Raja, program director at NBEAC.

AACSB's experience conducting volunteer training and virtual accreditation visits is featured in the agreement, and NBEAC chairman Farrukh Iqbal highlighted the importance of such training and capacity-building activities.

Established in 2007, the NBEAC ensures quality in Pakistan business education, by executing the processes of accreditation, ensuring integrity of information on business programs, encouraging research, and continuously improving all business programs. The agreement is in effect for three years, with an opportunity for renewal at the end of the period.


Established in 1916, AACSB is the world’s largest business education alliance, connecting educators, learners, and business to create the next generation of great leaders. With a presence in more than 100 countries and territories, AACSB fosters engagement, accelerates innovation, and amplifies impact in business education. Learn how AACSB is transforming business education for a better society at aacsb.edu.


The mandate and mission of the NBEAC is to enhance the quality of business education in Pakistan. It seeks to do this through mentorship, accreditation, training, and networking services. Mentorship and accreditation services are available to all members upon request. Training and networking services are available to all faculty and staff of business schools in the country. The main areas of emphasis for quality assurance are strategic planning, faculty strength and qualifications, curriculum content and relevance, pedagogical techniques and learning assessment methods, research and development strategies, social responsibility activities, and financial sustainability strategies. At present, NBEAC has 150 enrolled members, of which 27 have attained accreditation, including one business school that is also accredited by AACSB.