The study involves a brief yet insightful discussion on the concept of globalization, covering
different aspects of globalization. The focal point is to consider that globalization is not a new
phenomenon. It further explains that globalization has taken new dimensions along with the
impact that it has on the economy and society of Pakistan. The impact of globalization on
every economy differs depending on its social, political and economic dimensions. The paper
emphasizes on the fact that although Pakistan achieved certain gains from globalization, but
the adverse effects outweighs the positive effects in certain areas. It clearly mentions how
globalization has resulted in a degradation of moral norms and values of Pakistani society
and how has globalization affected economic growth in Pakistan with a major focus has on
trade. It concludes with how these challenges can be overcome by holding governments in
charge of effective policy making.
1-Faria Zeeshan Researcher Based in Islamabad, Pakistan.2-Muhammad Ali Baig Scholar, National Defence University in Islamabad, Pakistan.