Education is an indispensable component of human development and a basic right of every citizen. Education is considered to have a strong correlation with social and economic development of a country. No country can achieve sustainable economic development without substantial investment in human capital. Education enriches people’s understanding and enhances their technical capabilities of exploring new ideas. It improves the quality of their lives and leads to broad social benefits to individuals and society. Pakistan is committed to promote education, increase literacy rate, capacity building of teachers, and enhancement of facilities in all educational institutes. Federal and Provincial Governments are committed to provide free education up to the Matric level. National and Provincial Governments are encouraging and facilitating the private sector to invest in the education sector for its promotion as a national cause.
Education is a form of learning in which the knowledge, skills and habits of group of people are transferred from one generation to the next generation through teaching, training, or research. Education is a social instrument through which man can guide his destiny and shape his future. A knowledge society can be build by making the education process more effective which in turn provide foundations for socio-economic development of the country. Hence, the role of education has become centric to develop knowledge economy since literate and skilled citizen play a pivotal role in the development/prosperity of the country. To obtain the objective of educated and skilled human resource, large investment in education is very important as education would help the stakeholders in changing their mindset to get maximum literacy rate. Private and public development sectors have to fulfill their corporal social responsibilities in education sector. The linkage of education with the industrial/ commercial sectors would open the avenues of development and employment. They need to establish state of the art educational institutions in the premises of their setup/organization. Hence, there is need to develop a strong interaction between the industries and academy as academic-industrial linkage is the foundation stone for innovation and technology development which certainly leads the country to economic growth.