Education is an issue but only in the long term. Assuming Pakistan managed to overcome several of its other problems, uneducated would become Pakistan's most important resource. Uneducated people are what make industrialisation possible. They make low wages possible and so the country becomes interesting as a manufacturing base (as Thailand has become for example).
With more economic activity will come education and then the country will have to find an alternative economic source.
More education will also affect corruption as educated people tend to be less willing to put up with it.
This is of course overly simple but for a big picture, it does hold some truth.
I believe that focusing prematurely on education, is actually counter-productive as the tissue of companies in need of educated workers simply is not there and makes low wages more difficult.
The West is also a good example of other issues with educated people. Countries full of educated people are more difficult to manage. For example France is badly in need of deep reforms but they will simply never happen because French would go on strike as a result of such reforms.
For what it's worth, in France you'd get a 90 Euros fine for speeding on a standard road. I'm not arguing whether it's good or bad, the answer simply isn't black or white. I do know though that 90 Euros is not sustainable for many a family in France while a 250 Bath (in Thailand) is fairly cheap for car-owners.