Share:ISLAMABAD - The value of US dollar would likely to cross Rs200 in the country as the Federal Board of Revenue (FBR) has recently sent notices to exchange companies for imposition of withholding tax on them. Economic experts remained cautious in speculating the currency value in near future. The dollar value has recently come back to Rs176 to Rs177 from highest ever above Rs181. The Exchange Companies Association of Pakistan has warned that dollar price may cross Rs200 with the sudden imposition of a withholding tax on exchange companies. A senior economist, working with the government, informed The Nation that nobody could predict about dollar value in the market-based exchange rate system.

Source: The Nation January 22, 2022 06:54 UTC