Regulatory Alerts2025-02-27 | BPRD Circular Letter No. 04Added · Updated
Deduction of Zakat at Source for Saving Banks and Similar Accounts (Asset Code No. 101)
The Administrator General Zakat has notified the Nisab of Zakat for the Zakat Year 1445-46 A.H. at Rs. 179,689, establishing that no Zakat deduction at source shall be made if the account balance is below this threshold on the first day of Ramzan-ul-Mubarak. The first day of Ramazan-ul-Mubarak is designated as the deduction date, likely falling on 1st or 2nd March 2025, for Saving Bank Accounts, Profit and Loss Sharing Accounts, and other similar accounts with credit balances of at least Rs. 179,689. All Zakat Collection & Controlling Agencies are directed to deduct Zakat accordingly and provide copies of the return of Form CZ-08 (A&B) to the Ministry immediately after depositing the Zakat in Central Zakat Account No. CZ-08 maintained with the State Bank of Pakistan.