Education is a purposeful activity and has great implications for both the individuals and the societies. This paper examines the social and economic benefits of education in developing countries in general and Pakistan as a developing country, in particular. The study is ex-post facto research in nature and primarily based on the secondary data. The study explores that the monetary and non-monetary benefits of education to the society are numerous such employment, earning, poverty alleviation, export rate. On economic front while social responsibility, health care, political awareness, etc on the social front. The government and the civil society have to invest in education to reap the benefits of education more socially than economically. This is the only way to make Pakistan a peaceful and safer place rather through other measures. The security insurance consequently, affects the country's economy positively.