
Zakat beneficiaries won't get 'Eidi' for the first time
Despite this increase, for the first time in Punjab's history, 10,000 deserving individuals in the Rawalpindi Division will not receive financial aid on Eidul Fitr, dampening their festive celebrations. As a result, the monthly aid for widows and destitute families has been increased from Rs1,500 to Rs2,000, while the dowry fund has been raised from Rs25,000 to Rs100,000.
The district Zakat office and 1,166 local Zakat committees in Rawalpindi have informed beneficiaries that Eid gifts will not be distributed this year.
Many who had been visiting Zakat offices in anticipation of receiving Eid assistance have been left disappointed.
According to the Zakat Committee Administrator, Deputy Commissioner Hassan Waqar Cheema's office, funds amounting to Rs2.4 billion have been allocated for Rawalpindi's deserving families.
However, due to time constraints, it is impossible to distribute the Eid gifts before Eidul Fitr.
Instead, all beneficiaries will receive a lump sum of Rs24,000 per family for the entire year under the newly increased Rs2,000 monthly allowance. The lists of eligible recipients have been finalized, and the distribution of these funds will begin from April 7 to April 14.
Additionally, visually impaired individuals across the district will also receive Rs24,000 annually, disbursed at Rs2,000 per month.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Recorder
4 hours ago
- Business Recorder
Gold price per tola gains Rs2,500 in Pakistan
Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local market, gold price per tola reached Rs357,600 after a gain of Rs2,500 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs306,584 after it accumulated Rs2,143. On Thursday, gold price per tola reached Rs355,100 after a loss of Rs900 during the day. The international rate of gold also increased on Friday. The rate was at $3,351 per ounce (with a premium of $20), a gain of $25, as per APGJSA. Meanwhile, silver price per tola increased by Rs48 to reach Rs4,012.


Business Recorder
4 hours ago
- Business Recorder
CCP raids transformer material suppliers over suspected bid rigging
The Competition Commission of Pakistan (CCP) team has raided the offices of four suppliers involved in the provision of transformer reclamation materials to various power distribution companies (DISCOs). The raids were carried out simultaneously in Lahore and Gujranwala. These companies are suspected of being part of a cartel that manipulated bidding processes for transformer-related tenders. The CCP launched the raids as part of an ongoing enquiry into bid rigging practices in DISCO procurement. The enquiry was initiated after Lahore Electric Supply Company (LESCO) raised concerns with the CCP regarding identical bids submitted by various suppliers. A review of bidding data revealed that the companies often quoted identical prices and appeared to rotate tenders among themselves. CCP imposes Rs1 billion in penalties on cartels, deceptive advertisers during FY2024-25 Such practices fall under Section 4(2)(e) of the Competition Act, 2010, which prohibits collusion in tendering. Bid rigging not only distorts fair competition but also causes significant financial losses to the public exchequer. If the ongoing enquiry confirms any form of collusion, the CCP will issue show-cause notices to the companies involved. The CCP has also urged the public to report any such anti-competitive behaviour. Whistleblowers may be eligible for cash rewards ranging from Rs200,000 to Rs2,000,000, depending on the value and verifiability of the information provided.


Business Recorder
14 hours ago
- Business Recorder
64,553 cashless transactions recorded in cattle markets
KARACHI: In a major push towards digital financial inclusion, a total of 64,553 cashless transactions amounting to Rs 4.656 billion were recorded in cattle markets across the country under the 'Go Cashless' initiative, launched by the State Bank of Pakistan (SBP). The drive aims to promote the adoption of digital payment solutions in livestock trading, marking a significant step toward a more transparent and efficient financial ecosystem. In this regard, SBP Banking Services Corporation (SBP BSC), hosted an award ceremony on July 16, 2025, in Karachi to honour high-performing banks for their outstanding contributions to the Go Cashless in Cattle Markets Campaign 2025. Managing Director of SBP Banking Services Corporation, Maraj Mahmood while addressing the ceremony, appreciated the efforts of the participating banks and acknowledged their key role in promoting digital financial services in the country. Furthermore, Executive Director, Digital Financial Services Group, SBP, Sohail Javaad also addressed the ceremony and highlighted SBP's efforts in promoting a digital economy. Launched before Eid-ul-Azha, the Go Cashless campaign aimed to promote Digital Financial Services (DFS) and reduce reliance on cash transactions in urban cattle markets. With the participation of 24 partner banks, the campaign was successfully implemented in 54 major cattle markets across Pakistan, resulting in 64,553 transactions valued at Rs. 4.656 billion. This campaign was highly appreciated by the buyers and sellers in the cattle markets, as it reduced their reliance on cash. In recognition of the regional impact of campaign, SBP field offices have also organized recognition ceremonies for participating banks in their respective regions. These efforts underscore SBP's dedication to promoting financial inclusion through innovative digital initiatives. Digital payment systems play a vital role in modern economies by offering transparency, reducing fraud risks, and providing secure, convenient, and inclusive access to financial services. Initiatives like Go Cashless are crucial in building trust and driving the adoption of digital platforms among a wide range of users, including livestock buyers and sellers. Copyright Business Recorder, 2025