This study scrutinize the impact of two dimensions of globalization—economic globalization and political globalization—and overall globalization on economic growth during 1973-2011 for Pakistan. ADF and PP unit root tests portray that all variables are cointegrated of order one. Moreover, by using ARDL Bound testing approach and ECM, it is revealed that there exists both short and long run relationship among the variables in the model. The long run elasticity of overall globalization is positive, thus proposes globalization is beneficial for Pakistan. However, the long run coefficient of economic globalization impedes economic growth which can be a reason of high deficit in current account and non-development foreign capital inflows. Hence for solution, the government is recommended to adopt certain policies including import control, exchange rate devaluation etc. to reduce current account deficit.