"The President considered it essential not to burden the national exchequer and preferred to forgo his salary", President Secretariat Press Wing said in a press release on Tuesday.
Former president Arif Alvi was drawing Rs 8,46,550 per month, which was fixed by Parliament in 2018.
Zardari is one of the richest politicians in Pakistan.
Zardari, co-chairman of the PPP, took oath as President of Pakistan for a second term at a ceremony at Aiwan-i-Sadr in Islamabad on Sunday.
Separately, Interior Minister Mohsin Naqvi, following the steps of Zardari, also decided to forego his salary while in office citing the economic challenges faced by the country.
Taking to X, Naqvi said that he committed to serving the nation in challenging times "in every possible way".
Memorials were held for the victims of the tsunami that hit the Indian Ocean region in 2004, killing more than 200,000 people in one of modern history’s worst natural disasters.
Chinese President Xi Jinping stressed on Friday the long-term adherence to "one country, two systems" as Macao celebrates a quarter-century of transformative success since its return to the motherland.
US President-elect Donald Trump has expressed confidence that China and the United States can collaborate to address global challenges. Earlier this week, Trump held his first press conference since the 5 November presidential election, during which he highlighted his positive relationship with Chinese President Xi Jinping.