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Pakistan’s oil industry on verge of ‘collapse’ amid reeling economic crisis

Islamabad [Pakistan], February 3 (ANI): The oil companies of Pakistan are on the verge of ‘collapse’ due to a reeling economic crisis and devaluation of the currency, Geo News reported.
The Oil Companies Advisory Council (OCAC) in a letter to the Oil and Gas Regulatory Authority (OGRA) and Energy Ministry, wrote about the “depreciation” of the local rupee which has affected a lot of businesses in the South Asian country,