Impact of International Trade and Globalization on Financial Markets: A Case of Pakistan

Memoona Manzoor Kiani, Shain Taj Raisani, Dr. Muhammad Nabeel, Shahan Zeb Khan and Kashif Lodhi
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Memoona Manzoor Kiani: Faculty of Management Sciences, International Islamic University Islamabad, Pakistan
Shain Taj Raisani: Project Officer, Health Department Balochistan, Pakistan
Dr. Muhammad Nabeel: Assistant Professor, Department of Management Sciences, Qurtuba University of Science and Information Technology, Dera Ismail Khan, Pakistan
Shahan Zeb Khan: Faculty of Management Sciences, International Islamic University Islamabad, Pakistan
Kashif Lodhi: Department of Management, Economics and Quantitative Methods, Università degli Studi di Bergamo via dei Caniana 2, 24127 Bergamo (BG), Italy

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 3, 493-500

Abstract: This study investigates the intricate relationship between international trade, globalization, and Pakistan's financial markets through quantitative analysis. Using regression, correlation, time-series, and comparative methodologies, data from 2018 to 2022 was analyzed. Findings indicate a direct correlation between higher trade volumes and improved stock market performance, while a rising globalization index aligns with increased capital inflows. Exchange rate fluctuations reflect the currency's sensitivity to global economic shifts. Comparative analysis with regional counterparts highlights both aligned and divergent financial market trends. Moreover, a sensitivity analysis emphasizes the potential impact of Foreign Direct Investment (FDI) on stock market indices. These insights underscore the importance of trade policies, global integration, and FDI in shaping Pakistan's financial market dynamics within the evolving global economic landscape.

Keywords: Foreign Direct Investment; Trade Policies; Global Integration (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:3:p:493-500

DOI: 10.61506/01.00059

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