||Building Information Modeling (BIM) is one of the most promising and recent developments in the construction industry. In Pakistan, the studies on BIM in academia and construction industry are not very common. This work has tried to find out the potential for BIM for its use and applications in the construction industry. The objectives of this research were to assess the potential of BIM for its use and applications in designing, coordinating, managing and execution of construction projects, the main reasons to take interest in BIM and the major tasks for which it is considered to be adopted. The methodology of this research was based on a questionnaire survey to collect data. The collected data were analyzed by conducting different statistical procedures to make inferences. Results of this survey indicated that there was awareness about BIM technology and its processes among the construction industry stakeholders for better visualization and to increase the capacity of design reviews, constructability analysis, and model based estimation and construction sequencing. Results further indicate that the use of BIM minimizes risk of discrepancies between orthographic views including plan, section, and elevation and provides improvement in preparation of budgeting, cost estimating and scheduling capabilities. Finally, the results of this study provide useful information to clients, consultants, contractors and other stakeholders in the construction industry.