There was a dearth of a mathematical organization, which can guide and regulate the policies of the government vis-à-vis the state of mathematics and the welfare of the mathematical community at the national level. Establishment of such a society was necessary to mobilize and streamline the efforts and provide a necessary centrifugal boost to the development of mathematics in useful directions in Pakistan.

Thus, on 15^th May 2001, a mathematicians moot was convened at the Best Western Hotel in Islamabad, Pakistan. The gathering was attended by almost 70 professionals and senior students of mathematics. It was decided that the Pakistan Mathematical Society shall be formed.

Thus, on 26^th June 2001, the Pakistan Mathematical Society (PakMS) came into being. At a function held at the Allama Iqbal Open University, the constitution of the society was passed; officers and executive members were elected.

The PakMS was registered on 16^th November 2001. The Society also applied for registration under the ACT XXI of 1860 to meet the requirement of the Pakistan Science Foundation for registration of the society with it. It was finally registered under this Act on 17^th February 2003.

The governing body of the Society is the Executive Council (PakMS EC). It includes five elected office bearers, namely, President, Vice-President, General Secretary, Treasurer, Information Secretary and five Executive Members. The Executive Council is elected in an annual general meeting at the end of every second year. As per constitutional requirement, it meets at least once every three months.

Membership of the Society is open to any person who holds at least a masters degree (or BS) in mathematics, irrespective of gender, race, creed, region or sect.

The Society is dedicated to supporting and encouraging those involved in research, teaching, and the learning of mathematics at all levels. It also organizes and supports seminars, workshops, lectures, educational meetings, etc. It also cooperates with other scientific, technological and industrial bodies in activities that intend to promote mathematics. It organizes on a regular basis quarterly national seminars, publishes a quarterly newsletter, supports an annual international conference and publishes its proceedings.