Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 18 of 2012
  July 19, 2012

The Presidents/Chief Executives
All Banks/DFIs/MFBs


Dear Sir/Madam,

Deduction of Zakat at Source in Respect of Saving Banks/Profit and Loss Sharing Bank and Similar Account (Assets Code No. 101)
and Deposit Thereof Immediately After Deduction Date

Please refer to BPRD Circular No. 17 dated July 17, 2012 regarding Bank Holiday.

2.         We are enclosing herewith a copy of the Notification No. CE-100(36)/NISAB/1432-33/2012 dated July 18, 2012, issued by Ministry of Religious Affairs, on the above subject for immediate necessary action. Accordingly the Zakat shall be deducted as instructed in the enclosed Notification.

3.         Please acknowledge receipt.

Encl: As above



Yours truly,

Sd/-

(Mahmood Shafqat)
Additional Director
       
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