Circulars/Notifications - Banking Policy & Regulations Department  
 BPRD Circular Letter No. 18 of 2016
June 03, 2016

The Presidents / Chief Executives
All Banks / DFIs / MFBs


Dear Sir / Madam

Deduction of Zakat at Source in Respect of Saving Banks/Profit &
Loss Sharing and Similar Bank Accounts (Asset Code No.101)
and Deposit Thereof Immediately after Deduction Date


We are enclosing a copy of the Notification No.CE-1001(36)/NISAB/1436-37/2016 dated June 03, 2016 issued by the Ministry of Religious Affairs and Interfaith Harmony, on the above subject for immediate necessary action. Accordingly, the Zakat shall be deducted as per instructions contained in the enclosed Notification.

Please acknowledge receipt.

Encl. As above.




Yours truly,

Sd/-

(SHAHID RABBANI)
Sr. Joint Director
       
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