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The purpose of this study was to determine awareness, skills and preferred contents of Lahore University of Management Sciences (LUMS) students about information literacy (IL). A survey research design was solicited to collect the required data using a self-administered structured questionnaire. A simple convenient sampling technique was used to collect the required data from the population. The results showed that majority of the students have awareness about the information and its importance for their academic achievements. To fulfill their academic needs, the students desired the contents related to their assigned task subject and research so that they could identify need, resources to access and authenticate the available information. The majority of the students believed that information literacy was important for their academic achievements which indicated their interest in receiving such training to fulfill their educational needs. .The findings of the study demand that LIS professionals at LUMS should prepare information literacy programs and other universities of Pakistan can revise their information literacy programs accordingly. No study has been conducted to explore the level of awareness and skills of undergraduate students of Lahore University of Management Sciences (LUMS) about information literacy. Therefore, this is the first study in this regard.