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Global oil price decline: Pakistan’s chance to boost revenue, cut debt

Over the past five months, global oil prices have fallen sharply, retreating by approximately 20 per cent ($17 per barrel). Currently standing at $72.9 per barrel, this marks the lowest level in 15 months. Earlier in September, OPEC+ announced a delay in planned oil output increase for October and November, after crude prices hit their lowest in nine months. The organization said that it could further pause or reverse the hikes if needed. Meanwhile, Fortune Magazine said that even if O
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