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 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/1440-41/2020 dated April 20, 2020 issued by the Poverty Alleviation & Social Safety Division, Cabinet Secretariat, Government of Pakistan, Islamabad on the above subject, for necessary action by all banks / DFIs / MFBs. Accordingly, the Zakat shall be deducted as per instructions contained in the enclosed Notification.

Please acknowledge receipt.