In Pakistan’s history, every party makes slogans of spending on education and making the youth educated and skillful. These pledges are, however, never materialized and no firm steps are taken by any party that comes to power. Like previous governments, the contemporary government also announced “education emergency” in 2024, but limited to paper so far. The economic survey (2024-25) and the 2025-26 budget clearly depict that education is not at all the priority of the governments, both federal and provincial governments. Over 26 million five to sixteen year old children are out of school, and the literacy ratio is hardly sixty percent. Unlike the last budget which allocated over two per cent of GDP to education, this year federal budget allocated 0.8% of GDP to education. It is an alarming figure. Due to such low spending on education, most public sector universities face serious economic challenges. We perform poorly in research and innovation thus lagging world in IT, science and other modern trends. The UN agencies recommend a minimum of 4% of GDP to spend on education that we have never met. If the situation continued like this, the drop-out of children from schools will increase considerably in no time and the youth will become a burden. Crimes, extremism and other issues will also rise. The governments, the current and the coming one, must pay attention to this grim issue and must allocate proper funds and design effective policy to deal this issue with iron hands.