Is lack of education the main reason behind our economy's downfall

The allocated budget spent on education is just 2% which is a shocking figure seeing the literacy rate dropping every year in Pakistan. Education has always been a major problem in Pakistan. Behind all what is happening in the country such as beggary, rapes, murders, stealing and corruption, the reason is the lack of education in people.
The issuing of fake degrees is also one major problem countering proper education. People dont hesitate to get a degree of their own when they can afford to get it in a certain amount. This is present a lot in families having a political background or rich landlords. Secondly there is a shortage of qualified teachers in the rural schools with no facilities of proper classrooms. As a result, many students are forced to study on plain grounds or even in open air without a roof. The figures state that 9% of primary schools do not have a blackboard, 24% do not have textbooks available for pupils, and 46% do not have desks for their students.This is all due to the lack of finance being spent of the education system in Pakistan.On the contrary only 36%  of public primary schools have access to electricity..  Educating women in Pakistan has always been a major problem. Our rural culture does not support the concept of co education due to which females are always restricted from studying. There were 14 million girls studying in basic education in 2006, compared to 18.3 million boys
When education is a problem in a country, then there is always less stability and a chance of a higher crime rate. Hence corruption occurs which disrupts the economy as a whole. Due to the instability and terrorism in the country, there has been very little investment in the country. Little investment means less employment. Our economy is in a recession since the last 5 years experienced with a hyper inflation which has resulted in stagflation in the country. The main reason lies in the fact that no effective policies have been taken to reduce inflation and terrorism due to which Pakistans economy has massively declined.