The quantity declared by the federal government because the Nisab for Zakat is Rs80,933. File photograph

ISLAMABAD: The federal government of Pakistan on Sunday introduced the Nisab of Zakat in Pakistan, because the Holy month of Ramadan approaches. 

The quantity declared by the federal government because the Nisab for Zakat is Rs80,933. 

Nisaab is a set amount of cash that an individual will need to have, after the deduction of vital bills, in his/her account to be eligible to pay the tax.

In response to a notification issued by the Administrator-Normal Zakat for the lunar yr 1441-42 Hijri, folks sustaining a minimal Rs80,933 stability quantity in financial savings, revenue and loss sharing, or related financial institution accounts on the primary day of Ramazan can be liable to pay 2.5% Zakat on the entire stability. 

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