Abstract
The present study aims to investigate the financial liberalisation and growth nexus in Pakistan by using the FM-OLS cointegration technique over the time period 1972 to 2016. The impor_x0002_tance of the financial liberalisation process in Pakistan has been captured through the capital account liberalisation variables. The study also incorporatesfinancial development as a control variable due to the increasing role of the banking industry. The study finds that capital account liberalisation and financial development promotes the economic growth of the country. More_x0002_over, Investment, human capital, trade openness and government expenditure are also signifi_x0002_cant contributors to economic growth.