Karachi March 18 2023: Pakistan Central Bank orders All Banks / DFIs / MFBs to deduct Zakat from bank accounts as per Nisab of Zakat.
The orders were according to notification issued by Ministry of Poverty Alleviation and Social Safety informing that Director General Zakat has notified Nasab of Zakat for the Zakat year 1443-44 AH at PKR 103,159 or One Hundred three thousand one hundred and fifty nine.
No deduction of Zakat at source shall be made, in case the amount standing to the credit of an account is less than PKR 103,159 on first day of Ramzan Ul Mubarak, 1444 AH.
First day of Ramzan Ul Mubarak has already been announced as “Deduction Date” likely to fall on 23rd or 24th March, 2023 subject to appearance of Moon for deduction of Zakat from saving bank account, Profit or loss sharing account and other similar accounts having balance of more than PKR 103,159.
