I doubt that.
We have always believe that IBA karachi is best Business school in pakistan, followed by LUMS.
Looking at some of the alumni at LUMS, that's no longer true.. Even their CS students are remarkably well in some of the best companies in the world.
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The disciplnes offered at NUST, GiKi are Engineering based mostly so they cant be compared with LUMS.
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LUMS is now offering an electrical engineering program too. Most people in my A levels graduating class that stayed in Pakistan went to LUMS. Some (engineering oriented) people who didnt want to get into CS went to GIKi and NUST. I went to NUST for a short while too. However, I can tell you right away that NUST, even though it was ranked pretty highly by Asia times/newsweek (20th in Asia amongst tech schools) had a long way to go. Research back then was a non-existent concept over there. The system was also more suited to Matriculation/FSc students.