ISLAMABAD – People maintaining a minimum of Rs80,933 balance in savings, profit and loss sharing or similar bank accounts on the first day of Ramadan will be liable to pay 2.5 percent Zakat on the total balance.
A notification issued by the Administrator-General Zakat for the lunar year 1441-42 Hijri said Sunday.
Zakat is an obligatory charity for all eligible Muslims and is based on the current nisab values. These values can change year to year.
Earlier, Federal Minister for Science and Technology Fawad Chaudhry said that the Ramadan moon would be sighted country-wide on April 13. Pakistanis will break their first fast on April 14, he predicted in a tweet.
The Pakistan Meteorological Department also predicted that the Ramadan moon will be sighted on Tuesday, April 13. The sky on the day will be clear with lesser clouds making it easier to sight the moon.
