Trade has been playing a significant part as an engine of growth for almost every nation on the globe. Each country attempts to have bilateral, regional, free trade or preferential trade agreements to boost their economic growth and potential. The study focuses on investigating bilateral trade potential of Pakistan with selected Organization for Economic Co-operation and Development (OECD) countries specifically with United Kingdom, Japan, Australia, Sweden, Switzerland and Norway, through Panel data analysis. The sample period is taken from year 1982-2021.Variables used are economic growth (GDP), economic development (GDP per capita), exchange rate (exr), inflation (inf) and foreign direct investment (fdi) are empirically researched on bilateral trade. Unit root test is applied to test the stationarity. Following the stationarity estimations descriptive analysis is conducted. Simple panel OLS regression, random and fixed effects is applied. Hausman is conducted and fixed effects model was found to be the most appropriate. Test for endogeneity was applied. As endogeneity was found to exist, further two staged least square is applied for robustness. The fixed effects model in 2sls revealed no significance of Gross domestic product. Gross domestic product per capita and inflation, while exchange rate has a positive and significant relation. Distinctive results are attained for foreign direct investment where a negative significant relationship is discovered.