Pakistan, Aug. 9 -- Pakistan has been grappling with economic challenges for decades. Inflation hovering at 12.6 percenet, unemployment - with 4.5 million individuals falling under the category, current account deficit at a of $464m and a burgeoning debt crisis have become synonymous with the country's economic landscape. While various economic policies have been implemented over the years, many economists and policymakers are increasingly advocating for a shift towards economic conservatism as a potential solution.

However, the challenges facing Pakistan are multifaceted. The country's geopolitical location, bordering unstable regions, has led to significant security expenditures, diverting resources from development. Moreover, the poli...