14Jan 2024

The Impact of International Trade on Economic Performance of Pakistan

International trade has significant impact on economic development and performance of the country. It encourages employment, entrepreneurship, economic activity, uplift living standard of the population and increases the industrial productivity across all sectors. Moreover, the economic stability of the country comes with ability to conduct business globally, also it reflects the relationship of one country with rest of the nations. This study investigates the economic performance of Pakistan by analyzing the imports and exports data from the year 2000 to 2022. The Present research used time series secondary data, achieved from the World Development Indicators (WDI). With the application of ARIMA Model, the results showed that the import products of Pakistan have increased, while the export of goods and services as percentage of Gross Domestic Product (GDP) decreased. Moreover, this study also predicts the next seven years of Pakistan’s economic performance by utilizing this data to provide long-term picture, enabling the researchers to further investigate the impacts of international trade of developing countries.

Solangi Abdullah
Sukkur IBA University.

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