KARACHI: The Pakistan Stock Exchange (PSX) has issued a strong reminder to all listed companies regarding the mandatory disclosure of gender pay gap data in their annual reports and on their official websites.
In a notice issued on July 6, 2026, the exchange emphasized compliance with SECP Circular No. 10 of 2024, which requires listed companies to publicly report gender pay gap information as part of broader corporate governance and transparency initiatives.
Companies With March and June Year-Ends Must Comply
According to the PSX notice, companies with financial years ending March 31 and June 30, 2026, are required to include gender pay gap disclosures in their upcoming annual reports.
The reminder follows previous notices issued by the Pakistan Stock Exchange and directives from the Securities and Exchange Commission of Pakistan (SECP) aimed at improving transparency and accountability in the corporate sector.
The disclosure requirement forms part of the Prime Minister’s Women Empowerment Package (PM-WEP) 2024, which seeks to promote gender equality, workplace inclusion, and diversity across Pakistan’s corporate landscape.
SECP Prescribes Gender Pay Gap Reporting Format
The SECP has also provided a suggested reporting template for companies to follow.
Under the prescribed format, listed companies are required to disclose both:
- Mean gender pay gap
- Median gender pay gap
These figures must be calculated using the hourly rates of full-pay male and female employees to ensure consistency and comparability across organizations.
Companies are expected to publish the information in their annual reports as well as on their official websites.
Non-Compliance May Lead to Enforcement Action
The PSX warned that failure to comply with the disclosure requirements may result in enforcement action by the SECP.
Listed companies have been urged to adopt the prescribed reporting template and ensure timely public dissemination of the required information.
The exchange emphasized that full compliance with the regulatory framework is essential to strengthen investor confidence and improve corporate governance standards.
Disclosure Aims to Promote Workplace Equality
The latest reporting requirement builds on the SECP’s earlier initiatives to improve gender diversity in Pakistan’s corporate sector, including its 2021 circular on gender diversity.
Regulators believe that publishing gender pay gap data will encourage companies to adopt fairer compensation practices, improve workplace transparency, and support greater participation of women in the workforce.
The initiative also aligns with the government’s broader efforts to promote women’s economic empowerment and create a more inclusive corporate environment.
All listed companies have been advised to ensure meticulous compliance with the reporting requirements to avoid potential regulatory penalties.