University of Central Punjab (UCP) was granted charter from the Punjab government in April 2002 and it was the only one degree awarding university in the Punjab. Upon beginning of operations in October 1999, the university offered courses in Management Studies, Information Technology, Commerce and Law through its principal constituents i.e. Punjab College of Business Administration (PCBA), Punjab Institute of Computer Sciences (PICS), Punjab College of Commerce (PCC), Punjab Law College (PLC) and Punjab College of Information Technology (PCIT), all situated in Lahore.
Now the university has following faculties:
- Faculty of Management Studies
- Faculty of Information Technology
- Faculty of Commerce
- Faculty of Law
- Faculty of Engineering
- Faculty of Arts and Social Sciences