Abstract
This study explores the role of financial development in promoting economic growth in Pakistan. It highlights the importance of a well-developed financial sector in capital allocation and investment, which can lead to economic expansion. Unemployment, a key factor in economic decline, can hinder productivity and lead to a decline in overall growth. Tourism, on the other hand, can diversify the economy by providing additional revenue and strengthening the balance of payments. The study also examines the relationship between unemployment, economic growth, and various theories, such as Philipp's curve, Solow growth model, and endogenous growth theory. The research provides valuable insights into the country's economic dynamic and informs policy decisions, resource allocation, and job creation. However, the study has limitations due to incomplete and outdated data.
Published Version
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