ABSTRACT: Purpose: This study is crucial because countries like Pakistan are facing the major problem of inadequate financial capital since they appear on the world map and have to get help from other countries and financial organizations. Meanwhile, Pakistan is badly trapped in this bubble and has not broken it since 1958 remittances can help in the eruption of this trap. After Covid-19 outbreak and natural disasters like floods due to climate change, remittances became a more essential financial inflow for developing nations like Pakistan. Consequently, this study intended to examine the long run association of country-wise remittances and total remittances with economic growth as compared to FDI, ODA, and public debt in Pakistan. Design/Data/Methodology: To achieve the purpose of the study, time series annual data of country-wise remittances, total remittances, foreign direct investment (FDI) official development assistance (ODA), public debt, and economic growth (GDP) from 1981 to 2023 has been used. Furthermore, this study has been divided into two models; model 1 is about the association of country-wise remittances inflow with economic growth while model 2 is about the association of total remittances as compared to FDI, ODA, and public debt with economic growth. To check the cointegration in the models ARDL model has been used but before this prerequisite of this test, ADF and PP unit root tests have been used to check the level of integration for the stationarity of the series in the models. Finally, to find out the direct association among the selected variables the Granger causality test has been applied. Findings This study found an existence of cointegration in both the models. The ARDL outcomes of model 1 indicated that remittances from Saudi Arabia have short term and negative impacts on the progress of economy of Pakistan while the European Union significantly and negatively affects the growth of the economy in the short and long period. However, remittances from Australia, GCC countries other than Saudia Arabia, and the UAE have a positive influence on the growth of economy in both the short and long term. On the other hand, remittances from all other selected countries have a statistically insignificant impact. Moreover, the values of coefficients specified that remittances from Australia are highly associated with Pakistan's growth of the growth the economy. The results of ARDL model 2 indicate that in the long run, ODA is positively related to economic growth however; in the short run, it is associated with its first lag. Nevertheless, FDI is positively related to Pakistan’s growth in the long and short period while public debt is positively linked with the progress of Pakistan’s economy in the long term only. Conversely, an association of total remittance with economic progress is statistically insignificant. Furthermore, the values of coefficients determined that official development assistance is highly related to the growth of Pakistan’s economy while public debts and FDI are associated with growth respectively. Likewise, the Granger causality test also indicated that none of the remittances from the selected host countries and foreign financial inflow Granger caused the economic growth of Pakistan except for official development assistance. However, GDP does granger cause remittances, official development assistance, and public debt in Pakistan. Policy implication: This study suggested that in Pakistan remittances do not affect economic growth due to their non-productive use along with inefficient policies; therefore, policymakers should focus on diverting this financial source towards productive use along with the implication of strict laws and regulations to avoid corruption and informal channels. Novelty: The novelty of this paper is the addition to the literature regarding Pakistan, to explore the host country-wise effect of the remittance inflows on Pakistan economic growth. Furthermore, the yearly time series data used in this analysis cover the most recent period (1981-2023).