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Pakistan’s Administrator General Zakat set the Nisab for Zakat year 1446–1447 A.H. at PKR 503,529. Under the government notification, no Zakat is deducted at source from a covered savings-bank, profit-and-loss-sharing (PLS), or similar account if its balance is below that amount on the first day of Ramadan 1447 A.H. This is a threshold for specified account-based deductions, not a calculation of a person’s Zakat obligations across all assets.
What does the PKR 503,529 threshold mean?
The Ministry of Poverty Alleviation and Social Safety notification sets the Nisab for Zakat year 1446–1447 A.H. at PKR 503,529. The State Bank of Pakistan circulated the notice to banks, development finance institutions, and microfinance banks for action and compliance.
The notice concerns source deductions from accounts listed under Asset Code No. 101: savings-bank, PLS, and similar accounts. It says no deduction is to be made when the amount standing to the credit of a covered account is less than PKR 503,529 on the deduction date. An account balance equal to or greater than PKR 503,529 meets the threshold condition stated in the notice; that wording does not establish a deduction rate or resolve account-specific questions.
How is the account balance tested?
- Identify whether the account is among the specified savings-bank, PLS, or similar accounts covered by the notification.
- Use the amount standing to the account’s credit on the first day of Ramadan 1447 A.H., which the notice designates as the deduction date.
- Compare that balance with PKR 503,529. If it is below the threshold, the notice says no source deduction is made from that covered account. If it is at or above the threshold, it satisfies the notice’s stated threshold condition.
The test is tied to the balance on that date, not simply to whether an account passed the threshold at some other point in the year.
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When was the deduction date?
The Ministry notification, dated February 16, 2026, said the first day of Ramadan 1447 A.H. was likely to fall on February 19 or 20, 2026, subject to the appearance of the moon. Those dates were the notice’s forecast; the cited material does not establish which Gregorian date was ultimately observed.
What the threshold does—and does not—cover
The PKR 503,529 figure addresses source deduction from the specified accounts. It is not, by itself, a complete personal Zakat calculation covering every kind of wealth or asset. The notification does not provide a personal wealth valuation method, a deduction rate, or guidance for every account-specific circumstance. For a question about how the rule applies to a particular account, contact the bank; for an individual religious ruling or full Zakat calculation, consult an appropriate authority.
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What happens to deductions collected by agencies?
The notification directs Zakat Collecting and Controlling Agencies to deposit deductions immediately into Central Zakat Account No. CZ-08 at the State Bank of Pakistan. After depositing the funds, agencies are directed to submit Form CZ-08 (A & B) to the Ministry.
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Official notices and corroboration
- Ministry of Poverty Alleviation and Social Safety notification (February 16, 2026): states the amount, covered-account threshold, moon-dependent date forecast, and remittance instructions.
- State Bank of Pakistan BPRD Circular Letter No. 03 of 2026 (February 17, 2026): circulates the Ministry notification to banks, DFIs, and microfinance banks.
- Punjab Zakat & Ushr Department FAQ: corroborates PKR 503,529 for 1446–47 A.H. and the timing for PLS accounts.
- Associated Press of Pakistan report (February 17, 2026): summarizes the government announcement.
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