IMPACTS OF CHINESE FOREIGN DIRECT INVESTMENT AND TRADE ON PAKISTAN’S ECONOMIC GROWTH (2013-2023)
DOI:
https://doi.org/10.18623/rvd.v23.5090Keywords:
China, Pakistan, FDI, Trade, Economic DevelopmentAbstract
Foreign direct investment (FDI) is often regarded as a primary catalyst for global economic integration. FDI and trade are likely seen as crucial determinants of economic development in emerging nations such as Pakistan. This article aims to examine the impact of Chinese FDI and trade on Pakistan's economic development from 2013 to 2023. The research employs time series data from 2013 to 2023. And the secondary sources are employed utilizing qualitative approaches to track the outcomes. The findings of the research indicate that Chinese FDI and Trade have a favourable influence on the economic development of Pakistan. Chinese foreign direct investment (FDI) and trade in Pakistan have substantially contributed to economic development by infusing capital, introducing advanced technologies, enhancing productivity, generating employment, and augmenting export potential, thereby promoting overall economic growth, particularly in sectors such as energy, telecommunications, and construction; however, attracting and effectively utilizing FDI continues to face challenges for the country due to issues such as political instability, terrorism and regulatory obstacles.
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