AGL 40.00 Decreased By ▼ -0.03 (-0.07%)
AIRLINK 128.15 Increased By ▲ 0.45 (0.35%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 9.15 Increased By ▲ 0.36 (4.1%)
DFML 41.80 Increased By ▲ 0.22 (0.53%)
DGKC 87.50 Increased By ▲ 1.71 (1.99%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 111.50 Increased By ▲ 0.73 (0.66%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.06 Increased By ▲ 0.18 (3.69%)
KOSM 7.43 Decreased By ▼ -0.02 (-0.27%)
MLCF 41.04 Increased By ▲ 0.52 (1.28%)
NBP 61.30 Increased By ▲ 0.25 (0.41%)
OGDC 195.57 Increased By ▲ 0.70 (0.36%)
PAEL 27.75 Increased By ▲ 0.24 (0.87%)
PIBTL 7.77 Decreased By ▼ -0.04 (-0.51%)
PPL 153.01 Increased By ▲ 0.48 (0.31%)
PRL 26.57 Decreased By ▼ -0.01 (-0.04%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 84.27 Increased By ▲ 0.13 (0.15%)
TELE 7.91 Decreased By ▼ -0.05 (-0.63%)
TOMCL 36.68 Increased By ▲ 0.08 (0.22%)
TPLP 8.88 Increased By ▲ 0.22 (2.54%)
TREET 17.11 Decreased By ▼ -0.55 (-3.11%)
TRG 57.44 Decreased By ▼ -1.18 (-2.01%)
UNITY 27.00 Increased By ▲ 0.14 (0.52%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,758 Increased By 566.5 (0.6%)
KSE30 29,435 Increased By 234.1 (0.8%)

A meeting was held under the chairmanship of Punjab Senior Minister Raja Riaz Ahmad on Friday, to review the distribution of Zakat and Usher in the Punjab and decide about 25,000 defunct Local Zakat Committees (LZCs) whose extended term expired on June 30.
Punjab Zakat Secretary Qazi Afaq Hussain, provincial Zakat administrator and other concerned high-ups were also present in the meeting. The meeting was told that the extended period of these LZCs had expired while Rs 670 million are still available with the Zakat and Usher department for distribution among deserving families by September 30. The meeting proposed that the term of these LZCs might be extended to September 30 for the distribution of Rs 670 million funds.
The Zakat administrator briefed the meeting that the term of 9-member LZCs, including two women, is three years and a legal mechanism is available for their selection. He said the federal government provides a grant of Rs 1.5 billion every six months as Zakat, which is distributed by LZCs among the destitute. The senior minister then ordered that the Zakat system be run in a transparent manner and the process of distribution should be further improved so that the aim of poverty alleviation could be achieved.

Copyright Business Recorder, 2008

Comments

Comments are closed.