Pakistan, Jan. 17 -- Education, as an essential component of human capital development, is a necessary prerequisite for achieving sustainable economic growth. Various economic growth models acknowledge it both as a short term and long term determinant of economic development and prosperity. Owing to lack of robust policy planning, Pakistan today confronts several formidable challenges on the economic, governance, social and security fronts. It may be noted that many developing nations faced similar challenges in the history. Some of these nations, according to the Ministry of Planning document 'Pakistan 2025: One Nation - One Vision', successfully turned challenges into opportunities by following a three-tier formula: sound economic plannin...