Education plays a vital role in socio-economic development by building human capabilities and accelerating economic growth. It reduces poverty and inequality while improving health and governance. Developing countries need to redesign educational policies to promote productivity through skilled manpower and address development needs. The government is working to improve both the quality and quantity of education facilities to benefit the economy.

1. The Role of Education
On Economic Growth in Pakistan
• Education is key to the socio-economic development of a
country.
• It plays a vital role in building human capabilities and
accelerates economic growth through knowledge, skills
and creative strength of a society.
• The positive outcomes of education include reduction in
poverty and inequality, improvement in health status and
good governance in implementation of socio-economic
policies.

2. • The multifaceted impact of education makes it an essential
element for policy framework. Developing countries, where
majority of the world’s population resides, need to redesign
educational policies for promoting productivity in different
sectors of the economy by developing highly skilled
manpower and addressing their development needs for rapid
industrialization.
• The government is making earnest efforts to improve the
quantity and quality of education by enhancing educational
facilities within the minimum possible time.

3. • Education equipped people with the knowledge and skills
they needed to increase their income and expanded
opportunities for employment.
• This is true for households and for national economies.
Levels for productivity, economic growth and patterns of
Income distribution are intimately linked to the state of
education and the distribution of educational
opportunity.

4. • Economic growth and education are intertwined.
Greater access to education has certainly contributed
to higher rates of economic growth. The extent of
the contribution of education to economic growth
depends not only on building skills, but also on their
application.