Attendees ten actuation sector Decease ten student wanly well not education may reduce the scope of universities and it will be quite difficult for the region to compete with the other countries as far as the educational sector is concerned (www. Workpeople. Com). Pakistan is facing severe law and order situation in addition to political disputes which negatively influencing the trend of foreign investment. The recent energy crises are also one of the factors which badly effecting the overall development of economy.
The unemployment rate according to the government is 6 percent but the al rate is very high because of the slow economic development. During the recent years the growth of the country significantly reduced while the inflation rate is particularly increasing. On the other hand food prices have also remarkable increased. The UN Human Development Report estimated the poverty during 2011 around 50 percent population. The inflation rate was recorded at 7. 7 percent during 2007 which was crossed 13 percent during the year 2011. The currency value of Pakistan has decreased by 40 percent since 2007 due to such circumstances (womb. IA. Ova). The education facilities in Pakistan are although developing but still require significant attention to compete with the global market. The literacy rate of the country is very low and estimated as around 50 percent in which 63 percent are males while remaining are females. The government declared 2. 7 percent of annual GAP for the education sector so that further schools can be developed and established according to the need of population. Keeping in view the expenses declared for education sector as compared to the remaining world the country is at 42nd position which is considerably low rank (womb. IA. Gob). Ministry for education is performing critical role for the development education sector in Pakistan. The key aim is to promote education according to the policies and plans defined by the management of the firm. Under this ministry education policy for 1998-2010 was prepared for significantly focusing the overall development educational sector within Pakistan. In this policy the education of the nation and Islamic knowledge was particularly focused for reasonable development. Literacy, on-formal, elementary, secondary and teacher education were also included.
The government particularly focused vocational and technical education in addition to higher education for the students so that the need of the market can be fulfilled. The government also particularly focused the private sector which is consistently and rapidly developing within Pakistan for providing Upton the mark quality education to the nation (http://www. Moe. Gob. PC). The higher education sector of Pakistan is facing problems due to significant reduction in the budget during the last two years (2010 and 2011).
Presently the government is spending around 1. 8 percent of its GAP on education and in the world there are only six countries found which are following Pakistan. The upcoming problems for the education sector of Pakistan are further critical as the government has planned to devolve the higher education system to the provinces till 2014. It will be a huge loss to the upcoming generation as the standard of education will be decreased in addition to huge wastage of money invested for the development of the sector.