The Institute has gone through major changes over these six decades in order to embrace a wider set of disciplines in its curricula. These changes have been made in order to respond to the requirements of the society, the market and the economy. They are also an outcome of associations forged with credible institutions both local and international, and various stakeholders’ most prominent being the IBA Alumni.
During the last eight years, the institute has witnessed massive developments in all areas ranging from infrastructure, accreditations, increase in programs, faculty and students to linkages; thus changing IBA’s physical and academic landscape. Prominent among Dr. Ishrat’s contributions is overseeing the inception and development of Centres of Excellence such as: Centre for Excellence in Journalism (CEJ), Centre for Business and Economics Research (CBER), Centre for Executive Education, Centre for Entrepreneurship Development (CED) and the Ardeshir Cowasjee Centre for Writing. The establishment of Centres of Excellence fulfills a crucial need by servicing both professional communities outside the institution and student, faculty, and staff within. They complement the mission of the institution and serve as crucial avenues through which the IBA gives back to the society.