Karachi, March 8, 2024 – The State Bank of Pakistan (SBP) announced on Friday that it will observe a bank holiday on the 1st day of Ramadan-ul-Mubarak, 1445 A.H., for the purpose of the annual Zakat deduction.
Karachi, March 7, 2024 – In preparation for the upcoming holy month of Ramadan 2024, Pakistan has officially notified the Nisab of Zakat, outlining the criteria for the deduction of Zakat from bank accounts on the first day of the sacred month.
Pakistan on Friday issued Nisab of Zakat for deduction at source in respect of deposits in bank accounts.
Karachi Tax Bar Association (KTBA) is organizing a seminar on Zakat calculation on Friday, March 17, 2023.
State Bank of Pakistan
KARACHI: The federal government on Wednesday announced an amount of Rs88,927 as deduction of Zakat from bank accounts and deposits on the first day of the holy month of Ramzan. According to a notification issued by the Cabinet Secretariat the administrator General Zakat had notified the ‘Nisab of Zakat’ for the Zakat Year 1442-43 AH […]
ISLAMABAD: The administrator general Zakat on Saturday issued the ‘Nisab of Zakat’ for the Zakat Year 1441-42 A.H at Rs.80,933.00/- (Rupees: eighty thousand nine hundred thirty-three only). No deduction of Zakat at source shall be mentioned in column 2 of Serial No.1 of the first schedule of Zakat and Ushr Ordinance, 1980 is less than […]
KARACHI: Banks to remain closed for public dealing on Monday due to deduction of Zakat. The State Bank of Pakistan (SBP) in a statement said that it will remain closed for public dealing on Monday, April 27, 2020, which shall be observed as “Bank Holiday” for the purpose of deduction of Zakat. All banks / […]
KARACHI: State Bank of Pakistan (SBP) on Monday issued instructions to banks related to deduction of Zakat on amount above Rs46,329 maintained in saving bank accounts. The SBP said that Administrator General Zakat had notified the ‘Nisab of Zakat’ for the Zakat Year 1440-41 AH at Rs46,329. No deduction of Zakat at source shall be […]
KARACHI: The government has set ‘Nisab of Zakat’ at Rs44,415 for Zakat Year 1439-40 AH for deduction from bank accounts, said a statement issued by State Bank of Pakistan (SBP) on Friday. The SBP said that the Ministry of Religious Affairs had fixed Nisab of Zakat through a notification on May 03, 2019 issued the […]