The Ministry of Poverty Alleviation and Social Safety officially notified the Nisab for Zakat at Rs 503,529 for the Islamic year 1446-47 A.H. This threshold determines the minimum balance required in a bank account for the automatic deduction of Zakat at source. The announcement marks a staggering 180% increase from last year’s Nisab of Rs 179,689, a jump primarily driven by the record-high prices of gold and silver in both international and local markets.
You May Like To Read: Ramzan Relief: BISP Announces Major Stipend Hike for 10 Million Families
The deduction will take place on the first day of Ramazan, which is expected to fall on February 19 or 20, 2026, depending on the moon sighting. Banks will remain closed for public dealing on this “Deduction Date” to process the 2.5% charge on all eligible savings, profit-and-loss sharing (PLS), and similar accounts. Accounts with a balance lower than the notified Rs 503,529 will be exempt from this automatic collection.
The Federal Government has officially announced the Nisab for the current year 1446 47 AH, with the Ministry of Poverty Alleviation and Social Safety setting the threshold at Rs 503,529 in a notification issued on February 16, 2026.#techjuice #pakistan #zakat #finance #economy pic.twitter.com/OqGqLDLxgo
— TechJuice (@TechJuicePk) February 17, 2026
Individuals who have already submitted a Zakat Exemption Declaration (CZ-50) on the grounds of faith or fiqh will not face any deductions regardless of their balance. The collected funds will be deposited into the Central Zakat Account with the State Bank of Pakistan to support the country’s social safety nets, including stipends for the needy, orphans, and students.
Check out our latest video:
