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This research assessed the prevalence and levels of information seeking anxiety among business students at Lahore School of Economics, Lahore, Pakistan so that remedial measures could be taken to reduce anxiety. The data were collected from 283 students using a survey questionnaire, containing an Information Seeking Anxiety Scale along with certain demographic and academic variables, and analyzed using descriptive and inferential statistics. The results indicated the prevalence of information seeking anxiety among these students across different dimensions and overall scale at mild to moderate levels. There was no significant relationship between nature of MBA program, gender, school background, geographical origin, ICT skills, English language competency, and information seeking anxiety. However, gender appeared to predict the dimension of search anxiety as female students were more anxious than males when searching for information. The results are very useful to inform policy and practice for development of information capabilities in the digital information landscape. These findings could be used as a guide for developing and designing information literacy programs aimed to reduce information seeking anxiety resulting in the improvement of students’ academic performance. This study has made a reasonable contribution to the existing literature on information seeking anxiety as a limited number of studies appeared focusing specifically on information seeking anxiety.