An experimental trial of nine rice genotypes was conducted in the Agronomy field of the Institute of Agriculture and Animal Science (IAAS) Paklihawa Campus under a randomized block design layout with three replications from July to November of 2022. The aim was to study genetic variability and analyze the character association of yield and yield-attributing components in rice genotypes and their direct and indirect effect on grain yield under reproductive drought stress conditions. Observations on days to flowering (50%), plant height, panicle length, panicle weight, number of grains/panicles, effective panicle/m², grain yield, and 1000 kernel weight were recorded. Grain yield showed a highly positive significant correlation with effective panicle/m² (0.713**), followed by plant height (0.347) and panicle length (0.289). The path coefficient analysis of different traits revealed the highest positive direct effect of the effective panicle per m² (0.748963), followed by panicle length (0.24145) and plant height (0.227505). The highest negative direct effect was shown by the number of grains per panicle (-0.31218). The experimental results revealed that the selection of trait-effective panicle per square meter would be most beneficial for the improvement of yield in rice genotypes facilitating selection and plant breeding programs.