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

Add Mettisglobal as a Trusted Source on Google

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

Key Pakistan Market Stats and Economic Indicators

Diesel price rises by Rs1.91 per litre, petrol unchanged

Pakistan targets investment-led growth through sustained reforms

Name	Price/Vol	%Chg/NChg
KSE100	163,038.47 114.58M	0.41% 663.59
ALLSHR	98,887.69 371.89M	0.27% 267.58
KSE30	48,091.01 47.80M	0.56% 267.86
KMI30	233,976.84 49.26M	0.53% 1242.85
KMIALLSHR	64,092.91 187.27M	0.21% 137.24
BKTi	44,832.63 16.31M	0.24% 108.46
OGTi	33,378.35 2.75M	1.04% 344.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	80,095.00	80,245.00 79,635.00	195.00 0.24%
BRENT CRUDE	114.68	115.43 114.67	-1.13 -0.98%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	-0.35 -0.27%
ROTTERDAM COAL MONTHLY	147.10	0.00 0.00	0.10 0.07%
USD RBD PALM OLEIN	1,182.50	1,182.50 1,182.50	0.00 0.00%
CRUDE OIL - WTI	100.90	101.60 100.87	-0.86 -0.85%
SUGAR #11 WORLD	19.10	19.89 18.85	-1.14 -5.63%