Higher Education Commission (HEC) of Pakistan has been endeavoring to raise the quality of research in Pakistan and they have selected research journals as a tool to enhance research capabilities. Every year a team of HEC’s eminent scholars evaluate and approve list of research journals which meet the HEC criteria for recognition. One criterion for the evaluation of journal is bibliometric indicators. Though different bibliometric indicators are available but HEC uses Institute for Scientific Information (ISI) Impact Factor, to evaluate Higher Education Institute (HEI), scientific research, entire journals, and individual articles. Understanding the ISI Impact Factor and the reason why having one is so important to an academic journal such as Journal of Management Sciences is important. ISI was founded in the 1960s, acquired by Thomson in 1992 and is now is part of the Thomson Reuters Corporation, a multinational media and information firm.