KARACHI: All the banks will observe bank holiday for Zakat deduction and to remain closed for public dealing on March 12, 2024 (tomorrow). The State Bank of Pakistan had announced bank holiday across the country for deduction of Zakat on 1st Ramazan ul Mubarak 1445 A.H. SBP and all the banks, Development Finance Institutions (DFIs) … Read more
The Federal government has fixed Nisab for Zakat deduction on bank accounts for the current lunar year at Rs 80,933. According to the details, the government has also issued a notification in this regard. As per the notification issued by the Administrator General Zakat for the lunar year 1441-42 Hijri, people having a minimum of … Read more
The State Bank of Pakistan has issued the laws regarding Zakat deduction in Ramadan. SBP has stated Zakat deduction. As per the statement, Zakat will be deducted from the savings account having an amount of Rs 46,329 or more. Poverty Alleviation and Social Division issued a notification in which it was mentioned that no Zakat … Read more
