Download THE PUNJAB ZAKAT AND USHR ACT, 2018 – It extends to whole of the Punjab but as regards payment and recovery of Zakat and ushr, it only applies to Muslim residents and a company or other association of persons or body of individuals whether incorporated or not, majority of the shares of which is owned or the beneficial ownership of which is held by such residents. Deducting Agency means a Bank or any of its branch, post office or other financial institution including National savings center, Trustee of the National Investment (Unit) Trust or its authorized agent, Investment Corporation of Pakistan or any of its office or center of an insurer or any other organization or authority operating in the Punjab and referred to in First Schedule.