Impact of Foreign Capital Inflows on Economic Development of Pakistan: A Disaggregated Approach

The central intent of this study is to locate the fallouts Foreign Capital Inflows (FCI) on economic development. Influenced from Human Development Index (HDI), constructs development are disaggregated in multiple models and time series estimation done while relied upon forty-two years data ranging 1980 2021. For cointegration analyses, Bound Test Autoregressive Distributed Lag (ARDL) used. Findings proved positive effects components FCI indicators HDI except foreign debt. As a suggestion, it recommended focus appropriate debt management policy eradicate harmful consequences improve institutions infrastructure maintain certain inflow financing.