Brother Iftikhar Alam. You are on the right direction. I have also just started homeschooling. Check out this site.
http://pakistan-home-education.blogspot.com/
The above blog is maintained by the following pakistan based yahoo group on homeschooling.
http://groups.yahoo.com/group/pakistan-home-education/
Just check this article out by a US teacher who won the Teacher of the year award.
http://www.thesunmagazine.org/archives/937?page=1
Its a bit long but i would highly recommendation is to read it. After all a teacher himself is saying that this so there must be something wrong.
While there may be stories about failure, but I know successful stories also. Its just that homeschooling is out of the box solution and hence you do find a lot of people objections to it. Great people donot come out by following tradition. They break the traditions with a will to succeed and fight the opposing views which is off course in majority (as majority follows the tradition) and it is only then that they emerge victorious.