Pakistan, Jan. 2 -- The forecast by Economic Intelligence Unit predicted Pakistan's default on its external debt in 2024. Needless to say and judging by the political and economic events of the past year, one can see that the year 2024 is going to be eventful.

Numerous challenges plague Pakistan's economic situation and one of the major factors contributing to these challenges is extensive government intervention in various sectors. The extensive government footprint in the country is exhausting the nation and its resources. with over 200 state-owned enterprises (SOEs), Pakistan is burdened with over two trillion financial liabilities in these entities. The economic challenges faced by Pakistan are deeply intertwined with the government'...