Abstract
The economy of Pakistan has been facing depressed economic conditions for several years since many years. Debt to GDP has marked its peaks of Rs 21408.7 billion in 2017. The state of Pakistan has taken measures to reduce it. Various economic policies with amendments are being introduced by state authorities to make the favorable economic conditions but still, there are some factors that are creating economic instability in Pakistan such as an increase in Public Debt Burden is one of them. So, this study primarily focuses on the exploration of a causal relationship between public debt and economic indicators of Pakistan. Secondarily it focuses on analyzing the relationship between public debt and economic indicators such as market capitalization, reserves, exchange rate, and fiscal deficits. The study has employed both type analysis qualitative and quantitative. Quantitative data is analyzed through statistical software EVIEWS. 16 years of data of Public Debt and economic indicators of Pakistan from 2002 to 2017 has been analyzed. Standardized criteria were adopted to accept or reject the hypothesis. Based on inferences, policies and implications are given in the shape of recommendations for corrective measures.
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