The Pakistan construction industry recorded a high growth rate of 9.05% in 2016–2017. However, it fails to complete the projects within the specified cost, time and quality due to the use of traditional management techniques. This can be easily overcome by adopting and implementing new technologies like Building Information Modeling (BIM). In this study, a questionnaire survey was performed to find the present state of BIM in Pakistan and highlight the barriers in its successful adoption. In addition, Interpretive Structure Modeling (ISM) and Cross-Impact Matrix Multiplication Applied to Classification (MICMAC) analysis were used to identify interrelationships among these barriers. Out of 104 responses received, 63% of Architecture, Engineering and Construction (AEC) professionals were aware of BIM and among them, only 17% had utilized BIM in their projects, which is a very low percentage. The adoption of BIM in Pakistan is only at 11%. The respondents acknowledged that BIM helps in minimizing the cost and time of a project up to 57%. This study concluded that BIM is more economical and efficient than other management techniques. Moreover, this research also identifies the ISM and MICMAC analysis-based hierarchical model and three level strategy model that can facilitate the possible implementation. Solutions to common barriers around the globe are also proposed. Thus, by utilizing BIM, an economical, timely, properly managed project can be obtained in Pakistan and other developing construction markets all over the globe.