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A BANK holiday is observed in Pakistan for the purpose of deducting zakat. The State Bank of Pakistan (SBP) and all other banks remain closed for public dealing for deducting Zakat. It is also not clear as to why the SBP is closed where it does not deal with any individual accounts.
Readers may recall that in the past no holiday was observed by banks which rather opened an hour late after deducting Zakat through the computerized system. This is rather a matter of one hour for the system to deduct Zakat from relevant account-holders by using a simple command.
The federal finance minister and the State Bank governor should revisit the decision to keep banks closed on the first day of Ramazan.
A banker
Karachi
Published in Dawn, May 27th, 2017
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May 27, 2017 07:51am
Why do the government need to deduct Zakat by force? , when people themselves voluntarily donate Zakat to the needy, which figure is more than the amount collected by the government. Furthermore one is not aware where the Zakat deducted by the government goes. At least when you donate Zakat yourself, you know where it is going, such as EDHI, SUIT, SKMH etc etc. Lastly to avoid Zakat people have to give false declarations and sometime the bankers themselves call the account holders to draw their amount before Ramzan or have a pay order made to avoid Zakat. Why cant we let the choice be made by the people and let go this Zia legacy.
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