Banks to remain closed for Zakat deduction

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... Read more »

Zakat on amount Rs46,329 and above to be deducted from bank accounts

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... Read more »

Nisab of Zakat fixed at Rs44,415 for deduction from bank accounts

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. Read more »