Karachi: Listed companies on the Pakistan Stock Exchange (PSX) are now mandated to disclose gender pay gap data in their annual reports and websites, following the directives issued by the Securities and Exchange Commission of Pakistan (SECP). This initiative is part of the ongoing efforts to foster transparency and promote gender equality within the corporate sector of Pakistan.

The disclosure requirement, which has been emphasized in recent PSX notices (no. PSX/N-1 140 dated November 26, 2024, and no. PSX/N-072 dated January 13, 2025), aligns with the Prime Minister’s Women Empowerment Package 2024. The package underscores the importance of advancing gender equality and diversity, marking a significant step towards improving corporate governance standards in the country. The mandatory disclosure is in accordance with Circular no. 10 of 2024, dated April 17, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the publication of gender pay gap reports is crucial for holding companies accountable and ensuring equitable pay practices. The PSX has stipulated that the data must be presented as per a template suggested by the SECP. This transparency measure is anticipated to act as a catalyst for change, encouraging listed companies to address and rectify any disparities in pay between different genders.

The SECP has also warned that failure to comply with these requirements, or the submission of incomplete information, may result in enforcement actions against non-compliant companies. This measure serves as a clear indication of the regulatory body’s commitment to enforcing gender pay equity within the corporate framework.

Listed companies are urged to adhere to these directives with immediate effect, as the SECP continues to monitor compliance closely. By embracing these regulations, Pakistan aims to set a precedent in the region for corporate responsibility and gender equality in business practices.

Karachi: Listed companies on the Pakistan Stock Exchange (PSX) are now mandated to disclose gender pay gap data in their annual reports and websites, following the directives issued by the Securities and Exchange Commission of Pakistan (SECP). This initiative is part of the ongoing efforts to foster transparency and promote gender equality within the corporate sector of Pakistan.

The disclosure requirement, which has been emphasized in recent PSX notices (no. PSX/N-1 140 dated November 26, 2024, and no. PSX/N-072 dated January 13, 2025), aligns with the Prime Minister’s Women Empowerment Package 2024. The package underscores the importance of advancing gender equality and diversity, marking a significant step towards improving corporate governance standards in the country. The mandatory disclosure is in accordance with Circular no. 10 of 2024, dated April 17, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the publication of gender pay gap reports is crucial for holding companies accountable and ensuring equitable pay practices. The PSX has stipulated that the data must be presented as per a template suggested by the SECP. This transparency measure is anticipated to act as a catalyst for change, encouraging listed companies to address and rectify any disparities in pay between different genders.

The SECP has also warned that failure to comply with these requirements, or the submission of incomplete information, may result in enforcement actions against non-compliant companies. This measure serves as a clear indication of the regulatory body’s commitment to enforcing gender pay equity within the corporate framework.

Listed companies are urged to adhere to these directives with immediate effect, as the SECP continues to monitor compliance closely. By embracing these regulations, Pakistan aims to set a precedent in the region for corporate responsibility and gender equality in business practices.