The aim of this thesis is to find the relation between consolidation episodes and economic growth. The consolidation is considered for comparative analysis between expenditure based consolidations, revenue based consolidation and mix strategies. Fiscal consolidation periods for mixed strategies are identified by using dummy variable created/developed from primary fiscal deficit. To find the impact of fiscal consolidation, the data of fiscal and non-fiscal variables from 1973 to 2018 are used in this study. The empirical results suggest that fiscal consolidation based on different measures (mixed strategies), has a negative effect on economic growth in case of Pakistan, which stresses the need to focus on the composition of measures of fiscal consolidation. The positive association of expenditure shows that at this level, the expenditure will be growth enhancing. Whereas contrary to standard theory due to positive association of tax revenues as well as indirect tax, fiscal consolidation may appear to be as pro-growth in case of Pakistan as well. Therefore, government should consolidate while clearly evaluating the economic costs and benefits of fiscal consolidation. Which in our case seems to be the consolidation through taxation. Supervisor:- Dr. Mahmood Khalid