A number of studies have investigated the relationship between financial sector development and economic growth (GDP). The economists have a disagreement regarding the relationship between the financial sector and economic growth (GDP). The majority of economists think that the relationship between the financial sector and economic growth is positively associated. However, there are some other economists who argued that the relationship between the two is negative or either independent. One view is that financial sector growth is faster than the real sector growth that leads to increased wealth and ultimately to increased inequality. However, there, are some researchers who argued that the financial boom has been observed before all major financial crises. Therefore, it is important to investigate the relationship between the financial sector and the real sector. This study tries to explore this relationship for six countries that includes Pakistan, India, Srilanka, China, Japan, and Malaysia. The data from 2000-2017 has been utilized and Weighted Average Least Square and cointegration to check the long-run relationship between the two-sector. Our results showed that there is no significant relationship between the financial sector and the real sector. This implies that there is no co-movement between the two sectors of the Gross Domestic Product. We may conclude that countries should focus more on real sector development as compared to the financial sector. Supervisor:- Dr. Atiq Ur Rehman