Islamabad: Prime Minister Syed Yusuf Raza Gilani has approved the distribution of additional amount of Rs. 4,131.474 million Zakat Fund amongst the Provinces and Federal Areas in accordance with the existing Zakat distribution formula.
The decision has been taken in order to release the Zakat Fund’s arrears to the Provinces/Federal Areas before the end of the financial year on 30thJune.
It may be mentioned that due to non agreement of all the provinces the matters was being delayed and they were repeatedly requesting for release of the arrears. Further the Central Zakat Council in its 83rd meeting dated 24.11.2011 had decided that the Zakat fund which was not utilized upto 30thJune of the financial year would be considered as lapsable and liable to be surrendered to the Central Zakat Fund.
The Council of Common Interest considered the matter and decided that Zakat being a provincial subject, the provincial governments should hold discussion to evolve a mechanism for collection and distribution of Zakat. It was further decided that the present system of distribution of funds may continue till formulation of consensual procedure.
It may be mentioned here that in the current financial year Rs. 3,671.582 million from Zakat Fund has already been released by the Federal Government to the provinces and the federal areas in accordance with the existing distribution formula.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326