Pakistan ranks lowest in South Asia in terms of education spending

News Image

MG News | December 22, 2022 at 04:48 PM GMT+05:00

December 22, 2022 (MLN): The government is spending around 2.5% of GDP on education which is the lowest among South Asian economies in FY23.

On the contrary, the government needs to spend 5.7% of GDP to increase the quantity and quality of teachers and educational infrastructure in line with the Education 2030 Framework for Action of Sustainable Development Goals, as per the Annual Report published by the State Bank of Pakistan (SBP) on the State of Pakistan’s Economy.

In addition, improvement in the efficiency of education spending is crucial to curtailing expenditure leakages. In this regard, the challenge of ghost schools, high teacher absenteeism, and proxy teachers require special attention.

Moreover, teachers’ salaries are estimated to account for around 70% to 80% of provincial education budgets. In light of this, estimates of 30,000 to 40,000 ghost schools in the country require urgent attention.

Although efforts are being made at the provincial level to minimize the number of absent teachers, considerable efforts are needed to improve teacher management and quality.

According to Labour Force Survey 2021, about 27 million children between the age of 5-15 were illiterate in 2021 whereas around 27mn children between the age of 5-15 were illiterate in 2021.

This weak state of education has become a constraint to the prospects of harnessing the demographic dividend.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 167,844.25
170.38M
-0.40%
-670.20
ALLSHR 101,190.46
479.24M
-0.24%
-244.65
KSE30 50,308.01
73.54M
-0.54%
-271.17
KMI30 241,041.17
72.56M
-0.54%
-1308.61
KMIALLSHR 65,768.91
266.90M
-0.34%
-227.18
BKTi 45,905.17
27.93M
-0.59%
-271.56
OGTi 35,557.92
7.24M
-0.32%
-112.64
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 75,915.00 77,940.00
75,590.00
-1780.00
-2.29%
BRENT CRUDE 104.25 106.36
101.34
1.67
1.63%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-9.00
-7.56%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.45
0.40%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 97.00 99.43
94.73
0.65
0.67%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News
May 23, 2026 at 07:17 PM GMT+05:00

SECP introduces global finance talk series


May 23, 2026 at 11:45 AM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


May 23, 2026 at 10:25 AM GMT+05:00

Weekly Market Roundup



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg