Karachi Institute of Economics and Technology (KIET) () was established in 1997. KIET received recognition by the Higher Education Commission (formerly named UGC) vide letter no. 15-22/UGC-SEC/97/1291 dated 1 August 1998. HEC ranks KIET as 8th best university in Business/IT category. KIET was awarded a degree-granting status through a charter from the government of Sindh on 24 May 2000. KIET has also been granted NCEAC Accreditation for its BSCS, MCS program. History In June 2000, Pakistan Air Force and Pakistan Educational Foundation agreed to collaborate for the establishment of an educational institution at PAF Korangi Creek Base. 1997–2000 The Karachi Institute of Economics and Technology was launched in 1997. Academic departments offering degrees in Management Science and Computer Science were established. The Department of Management Science offered BBA and MBA degrees with specializations in the fields of Management, Marketing, and Finance. Department of Computer Science offered BCS with majoring option for Software Engineering/Networking, MCS and MS–IT NCEAC accredited degrees. 2000–2003 In September 2000 the institute moved to its current location at PAF Base Korangi Creek. The campus is spread over . The City campus of KIET was established in April 2002 to provide evening programs for the working students. The campus is located off Shahrah-e-Faisal near Nursery. The North campus of KIET is located at North Nazimabad near KDA Chowrangi, Karachi. The North Campus offers Bachelors, Master, MPhil and PhD level degrees. 2003–2006 The departments of Management Sciences and Computer Sciences were elevated to the status of Colleges. The College of Computing & Information Sciences and the College of Management Sciences started offering advanced research oriented degree programs of MS and PhD. Specialization in MIS, Finance and Accounting were added. Department of Corporate Relations and R&D Departments were launched. Two more academic colleges were established; namely, the College of Engineering and the College of Humanities and Sciences. The College of Engineering offered a 4-year BE in Electronics with specialization in Electronics and Telecommunications, which has been converted into BE in Electrical with specialization of Electronics and Telecommunications. Additionally, the College offers BE(Mechatronics) and BE (Avionics). The College of Humanities & Social Sciences offers courses in Mathematics, English, Oral and Written Communication and Social Sciences areas. In 2005 the institute added specializations in the BE in Electronics. These include Computer Systems, Avionics, and Industrial Electronics. MS in Telecommunication Engineering was also launched. In fall 2008 another specialization was added as Mechatronics