The study looked at how trade balance in Pakistan is affected by income, money supply, and exchange rates from 1980 to 2011. They used a method called ARDL to analyze the data. The results showed that higher income and lower exchange rates lead to a decrease in trade balance in both the short and long term. Money supply affects trade balance in the long term but not the short term. The study also found a connection between trade balance and exchange rates and income in the long term, but not with money supply. The traditional trade balance rule called Marshal-Lerner Condition was not supported by the findings.