Impact of Oil Prices on the Macroeconomic Factors” (An Empirical Study of Pakistan)

Abstract

This paper examined the effect of higher oil costs on the Pakistan's economy during 1982 to 2018. Pakistan isn't oil delivering rather oil-bringing in nation. An expansion in oil cost prompts swelling, increment spending deficiency and puts descending weight on conversion scale which makes imports progressively costly. The rising oil costs are the significant worry for all the creating economies and Pakistan is experiencing it as well. The expansion in oil cost has further impact the day by day utilization example of family units seriously. This investigation breaks down that, how change in genuine raw petroleum value impacts the genuine GDP emphatically and numerous different factors in an unexpected way. For instance, a lower government spending, a higher genuine stock cost and a lower loan cost would raise genuine yield for Pakistan.