KARACHI: The State Financial institution of Pakistan, business banks and different monetary institutes to stay closed for public dealing on Monday, March 3, 2025, which shall be noticed as “Financial institution Vacation” for the aim of deduction of Zakat.
This 12 months Administrator Basic Zakat has notified the “Nisab of Zakat” for the Zakat 12 months 1445-46 A.H at Rs. 179,689 (Rupees One Hundred Seventy-9 Thousand Six Hundred Eighty-9 solely).
The central financial institution, whereas referring to the directions of the Ministry of Poverty Alleviation and Social Security, on Friday circulated that every one banks, Improvement finance Institutes (DFIs) and Microfinance Banks (MFBs) shall stay closed for public dealing on Monday, March 3, 2025.
All workers of the banks, DFIs, MFBs, nonetheless, will attend the workplace on Financial institution Vacation treating it as a traditional working day (aside from public dealing), a round letter issued by Banking Coverage and Rules Division (BPRD) reads.
The deduction of Zakat from Saving Financial institution Accounts, Revenue and Loss Sharing (PLS) Accounts and different related Accounts having credit score steadiness of Rs179,689 will likely be made on the primary day of Ramzan-ul-Mubarak, 1446 A.H. that has already been notified because the Deduction date.
No deduction of Zakat at supply shall be made in case the quantity standing to the credit score of an account is lower than the required restrict.