Digital Transformation, Human Capital and Economic Performance in Pakistan

The objective of this research paper is to investigate relationship between digital technologies, human capital, foreign direct investment and balance of payment with economic growth. 22- years' time series data spanning 2000 to 2022 was used and sourced from World Development indicators, Pakistan Economic Survey and the State Bank of Pakistan, Economic growth is dependent variable, while digital technologies, foreign direct investment, human capital and balance of payment are independent variables. The study used various statistical techniques such as correlation analysis and multiple regression analysis to determine the relationship between variables. The empirical results reveal that there is negative association between FDI and economic growth in Pakistan, whereas there is positive and significant relationship between digital technologies, human capital, and balance of payment with economic growth in the long-term.