Abstract
This study examines the sectoral oil consumption and its impact on economic growth of Pakistan for the time period of 1972-2008. For this purpose different time series techniques are applied to estimate the relationship. The result shows that major sectors of oil consumption (transportation, power generation and industry) are positively contributing, while the minor sectors of oil consumption (household, government and agriculture) are negatively contributing in economic growth. Stability of the model is checked by error correction model, which explain that model used in this study is stable and all the variables are contributing in stability of model. Traditional granger causality test shows that there is uni-directional causal relationship between real GDP, transport sector and industrial sector with power sector in Pakistan.
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