FACTORS AFFECTING ECONOMIC GROWTH OF PAKISTAN: A PRE COVID AND POST COVID ANALYSIS

Abstract

Purpose The objective of this research is to look into the factors influencing Pakistan's growth. Before Covid-19 and After Covid-19. economic Methodology & Design This research was literature based study, where the data was collected from secondary sources. The sample size of this study was past 30 years data. Deductive approach was used for this study. It was quantitative approach of research because the researcher collects data through State Bank of Pakistan, World Bank, Pakistan Bureau of Statistics & Economic Survey. Findings The findings revealed that economic growth is significantly linked with FDI, interest rate and inflation rate and during the Covid-19 all these factors were affected and it also impacts the economy and economic growth of Pakistan. Limitations While studying the impact of inflation, interest rates, and foreign direct investment on Pakistan's GDP as a measure of economic growth, the study encountered several limitations. The first and most significant limitation encountered was a time constraint; the time allotted was very short in order to thoroughly analyze the thirty years of data. Other constraints include locating reliable and authentic data to support the study's contents. Recommendations I recommend Future researchers can try to incorporate other variables such as GNP, entrepreneurship, capital equipment, and natural resources to determine the impact on economic growth. Concerning the pre and post Covid-19 effects on economic growth, the research can also incorporate import and export variables separately to determine the impact on economic growth.