As Ramadan approaches, govt announces Nisab for Zakat in Pakistan

April 11, 2021 3:31 pm by Web Desk

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A representational image. Photo: File
  • Nisab is the minimum amount of money a person must have to be eligible to pay Zakat
  • This amount is arrived at after deducting the necessary amount of expenses
  • Govt fixes Nisaab at Rs80,933


ISLAMABAD: With Ramadan just a few days away, the federal government on Sunday announced the rate of Nisaab for Zakat.

Nisaab is a fixed amount of money that a person must have, after the deduction of necessary expenses, in his/her account to be eligible to pay the tax.

According to a notification issued by the Administrator General Zakat for lunar year 1441-42 Hijri, people maintaining minimum Rs80,933 balance amount in savings, profit and loss sharing or similar bank accounts on the first day of Ramazan will be liable to pay 2.5% Zakat on the total balance.



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