No zakat deductions to be made on assets less than Rs44,415: Ministry

MG News | May 03, 2019 at 12:12 PM GMT+05:00

0:00

May 3, 2019 (MLN): The Ministry of Religious Affairs on Friday released a statement which says that for the Zakat year 1439-40 AH, ending on the last day of the Sha’aban-ul-Muazam, 1440 AH, 5^th or 6^th May, 2019 (subject to the appearance of moon), no deduction of Zakat at source shall be made, in case the amount standing to the credit of an account in respect of the assets mentioned in First Schedule to Zakat and Ushr Ordinance is less than Rs. 44,415 on the first day of Ramadan.

Related News

PM seeks review of NEPRA’s new solar net-billing rules

APTMA seeks U.S. trade relief, engages EU on GSP+

Loan demand surges to 85 in Q2-FY26: SBP

Name	Price/Vol	%Chg/NChg
KSE100	183,049.81 350.08M	0.49% 896.25
ALLSHR	109,841.97 731.28M	0.37% 406.56
KSE30	55,980.66 79.85M	0.38% 209.40
KMI30	259,664.81 146.46M	0.67% 1734.22
KMIALLSHR	70,650.71 440.38M	0.27% 189.19
BKTi	52,787.22 32.29M	0.12% 64.20
OGTi	36,172.75 5.18M	-0.80% -290.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,795.00	69,415.00 66,715.00	-2140.00 -3.10%
BRENT CRUDE	69.73	69.82 69.00	0.93 1.35%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	0.40 0.42%
ROTTERDAM COAL MONTHLY	102.20	102.20 102.10	0.50 0.49%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	64.87	64.98 64.15	0.91 1.42%
SUGAR #11 WORLD	13.91	14.12 13.90	-0.21 -1.49%