The Government of Pakistan has set the Zakat nisab for 2026 at Rs. 503,529, meaning Zakat will be deducted from savings accounts only if the balance meets or exceeds this amount.
According to an official notification issued by the Ministry of Poverty Alleviation and Social Safety, no Zakat will be deducted if the balance in a bank account is below Rs. 503,529 as of the first day of Ramazan.
The notification states that Zakat will be deducted from savings bank accounts, profit and loss sharing accounts, and similar deposits on the first day of Ramazan, which is expected to fall on February 19, 2026, subject to moon sighting.
This marks a sharp increase of 180 percent in Zakat Nisab from the threshold of Rs. 179,689, that was set last year. The rise can be attributed huge rise in prices of precious metals i.e. gold and silver, in both international and domestic markets.
The increase in the nisab is expected to significantly reduce the number of bank accounts qualifying for automatic Zakat deduction. According to the notification, Pakistan’s banking system currently holds over 177 million accounts across commercial banks, microfinance institutions, and fintech platforms, highlighting the broad impact of the revised threshold.
Banks and financial institutions have been directed to ensure strict compliance and deposit the collected Zakat amount into the Central Zakat Account maintained with the State Bank of Pakistan immediately after deduction.
The government has also instructed all relevant institutions to submit official returns after depositing the Zakat funds, ensuring transparency and proper documentation of collections.
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