Business Desk 
Feb 17, 2026
The State Bank of Pakistan (SBP) on Tuesday announced that it will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1447 A.H., which shall be observed as 'Bank Holiday' for the purpose of deduction of Zakat.
According to an official circular, the central bank said: "All banks / DFIs / MFBs shall, therefore, remain closed for public dealing on the afore-mentioned date.
"However, all employees of the banks / DFIs / MFBs will attend the office on Bank Holiday treating it as a normal working day (except for public dealing)," added SBP.
On the same day, the federal government announced Zakat Nisab for Ramadan 2026, setting it at Rs503,529, deducted from savings accounts only if the balance meets or exceeds the required amount.
The Ministry of Poverty Alleviation and Social Safety, in a notification, noted: "In terms of the provisions of the Zakat and Ushr Ordinance, 1980, no deduction of Zakat at source shall be effected where the amount standing to the credit of an account, in respect of the assets mentioned in Column 2 of Serial No. 1 of the First Schedule of the said Ordinance is less than Rs503,529."
It directed the all Zakat Collecting and Controlling Agencies (ZCCAs) to ensure strict compliance with the above instructions and deduct Zakat accordingly.
