Electricity consumption drives economic growth in Pakistan, outpacing foreign investment.
The study looked at how foreign investment and electricity use affect Pakistan's economy from 1971 to 2017. They found a strong link between electricity consumption and economic growth, with electricity having a bigger impact than foreign investment. In the short term, foreign investment affects economic growth, and economic growth affects electricity use. In the long term, foreign investment influences economic growth, while economic growth and electricity use influence each other.