In continuation to its earlier Circular no. 07 of 2021 dated March 12, 2021 regarding Gender Diversity, the Securities and Exchange Commission of Pakistan (“the Commission”) in exercise of powers conferred under Section 510 of the Companies Act, 2017 (XIX of 2017) is pleased to direct the board of directors of listed companies to prepare and include in the annual report, a statement on gender pay gap and also make it available on their website. A suggestive template for the statement along with guidance on calculation of gender pay gap is provided for facilitation of listed companies. The Circular is applicable on listed companies for financial year ending on or after June 30, 2024.