"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".
The beneficiaries are mainly Central and Eastern European countries. There was an immediate increase in interest in trips to China.
China is ready to work with the new US administration, Chinese President Xi Jinping stated after his final meeting with outgoing US President Joe Biden at the Asia-Pacific Economic Cooperation summit in Peru.
Chinese President Xi Jinping is on an official visit to Peru, where the next Asia-Pacific Economic Cooperation (APEC) summit will be held. Ahead of the meeting - where Xi will finally meet outgoing US President Joe Biden - the Chinese leader inaugurated a massive port in the Peruvian city of Chancay, which provides a direct route from the Asian superpower across the Pacific Ocean to South America.