Education is a social entity and takes input from the society and returns output to it as well. University education is considered as the hub that produces human capital into the market. Universities shall play their role to promote social justice and equity for people from all spheres of the society. This study was focused to explore the perceptions of teachers about the social injustice and inequity in universities of Pakistan. The aim was to promote social justice and equity in education by highlighting the factors that cause injustice and inequity, to find out the imbalance in the market value of our educational system, and to find the administrative measures that could promote social justice and equity. For that purpose the experienced teachers and administrators were purposely selected to participate in this research. Interviews were conducted with prior permission to record it. The data generated from 12 participants (10 males and 2 females) were analyzed by Thematic Description Approach under qualitative data analysis techniques. The themes for each question from the transcribed interviews were identified and coded. Major factors were identified and significant differences were revealed on behalf of the interviewees' perceptions. Suggestions were given to take effective administrative measures. Results revealed practical implications for educationists and policy makers to promote social justice and equity.