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  "path": "/latest/pakistan-sets-zakat-deduction-threshold-for-current-year/",
  "publishedAt": "2026-02-17T16:25:24.000Z",
  "site": "https://humenglish.com",
  "tags": [
    "Latest",
    "Pakistan",
    "Pakistan sets Zakat deduction threshold for current year",
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  "textContent": "ISLAMABAD: The Ministry of Poverty Alleviation and Social Protection has set the Zakat threshold for the current year, the government announced on Tuesday.\n\nThe Administrator General of Zakat fixed the nisab — the minimum amount of savings on which Zakat is payable — at Rs503,529 for 2026.\n\nAccounts with balances below this amount on the first day of Ramadan will not be subject to Zakat deductions, the ministry said in a statement.\n\nAccording to the announcement, Zakat will be deducted from all eligible savings accounts and profit‑and‑loss sharing accounts on the first day of Ramadan.\n\nFunds collected under Zakat will be transferred to the Central Zakat Account maintained by the State Bank of Pakistan.\n\nThe State Bank of Pakistan has also announced that all banks and financial institutions will remain closed for public transactions on the first day of Ramadan, in line with the annual Zakat collection process.\n\nThe government’s annual Zakat collection plays a key role in financing social welfare programmes aimed at supporting the needy across the country.\n\nThe post Pakistan sets Zakat deduction threshold for current year appeared first on HUM News.",
  "title": "Pakistan sets Zakat deduction threshold for current year"
}