Graph pooling is an essential ingredient of Graph Neural Networks (GNNs) in graph classification and regression tasks. For these tasks, different pooling strategies have been proposed to generate a graph-level representation by downsampling and summarizing nodes' features in a graph. However, most existing pooling methods are unable to capture distinguishable structural information effectively. Besides, they are prone to adversarial attacks. In this work, we propose a novel pooling method named as {HIBPool} where we leverage the Information Bottleneck (IB) principle that optimally balances the expressiveness and robustness of a model to learn representations of input data. Furthermore, we introduce a novel structure-aware Discriminative Pooling Readout ({DiP-Readout}) function to capture the informative local subgraph structures in the graph. Finally, our experimental results show that our model significantly outperforms other state-of-art methods on several graph classification benchmarks and more resilient to feature-perturbation attack than existing pooling methods.