ISLAMABAD – The government of Pakistan has fixed the Nisab for Zakat deduction on bank accounts at Rs103,159 for the year 2023.
A notification issued by the Poverty Alleviation and Social Division said Zakat will be deducted from saving accounts, profit and loss sharing accounts having a balance above Rs103,000, on the first of Ramadan.
As per the Zakat and Ushr Ordinance, no amount would be deducted in case a bank account has less than the amount set by the government.
Zakat is one of the basic Islamic pillars according to which one's wealth must amount to more than a threshold figure, dubbed as ‘Nisab’. For those who do not wish to pay, banks offer Zakat exemption services for them.
Muslims across the globe are waiting for Ramadan which will likely fall on March 23 or 24, this year, subject to the appearance of the moon.
Daily Pakistan Global Web Desk
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on June 06, 2023 (Tuesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 304.9 | 308.15 |
Euro | EUR | 322 | 325 |
UK Pound Sterling | GBP | 377 | 381 |
U.A.E Dirham | AED | 83.5 | 84.5 |
Saudi Riyal | SAR | 80.5 | 81.5 |
Australian Dollar | AUD | 202 | 204 |
Bahrain Dinar | BHD | 758.82 | 766.80 |
Canadian Dollar | CAD | 226 | 230 |
China Yuan | CNY | 40.28 | 40.68 |
Danish Krone | DKK | 41.03 | 41.43 |
Hong Kong Dollar | HKD | 36.4 | 36.75 |
Indian Rupee | INR | 3.46 | 3.57 |
Japanese Yen | JPY | 2 | 2.08 |
Kuwaiti Dinar | KWD | 925.2 | 934.2 |
Malaysian Ringgit | MYR | 61.94 | 62.54 |
New Zealand Dollar | NZD | 173.16 | 175.16 |
Norwegians Krone | NOK | 25.88 | 26.18 |
Omani Riyal | OMR | 742.38 | 750.38 |
Qatari Riyal | QAR | 78.38 | 79.08 |
Singapore Dollar | SGD | 220 | 222 |
Swedish Korona | SEK | 26.36 | 26.66 |
Swiss Franc | CHF | 313.87 | 316.37 |
Thai Bhat | THB | 8.21 | 8.36 |
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 228,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 228,900 | PKR 2125 |
Karachi | PKR 228,900 | PKR 2125 |
Islamabad | PKR 228,900 | PKR 2125 |
Peshawar | PKR 228,900 | PKR 2125 |
Quetta | PKR 228,900 | PKR 2125 |
Sialkot | PKR 228,900 | PKR 2125 |
Attock | PKR 228,900 | PKR 2125 |
Gujranwala | PKR 228,900 | PKR 2125 |
Jehlum | PKR 228,900 | PKR 2125 |
Multan | PKR 228,900 | PKR 2125 |
Bahawalpur | PKR 228,900 | PKR 2125 |
Gujrat | PKR 228,900 | PKR 2125 |
Nawabshah | PKR 228,900 | PKR 2125 |
Chakwal | PKR 228,900 | PKR 2125 |
Hyderabad | PKR 228,900 | PKR 2125 |
Nowshehra | PKR 228,900 | PKR 2125 |
Sargodha | PKR 228,900 | PKR 2125 |
Faisalabad | PKR 228,900 | PKR 2125 |
Mirpur | PKR 228,900 | PKR 2125 |
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