PAKISTAN TRADE AND ECONOMIC RELATIONS WITH UNITED KINGDOM *

The current study explores the present and future potential of trade and economic relations with the economic leader of European Union (EU) namely United Kingdom (UK), and their impact on economic growth of Pakistan, and also assess the potential of Pakistan to keep these relations with EU rather that the BRICS, ASIAN, CAR, Gulf and other economies that might seem lucrative markets but is it at the cost or benefit to Pakistan’s traditional relations with these EU economic and technological giants. The study concluded that there is highly significant impact on the economic growth of Pakistan by the trade and economic relations Pakistan with the UK. All variables found co-integrated for the UK which indicates that there is a long run co-movement exit between Pakistan and UK