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SECP sets 26th July deadline for 146,000 Cos to ensure vaccination of employees

As per the circular, all companies are required to submit the details of vaccination of their employees and their families to the SECP by July 26, 2021.

ROME, ITALY - MARCH 24: A man receives a dose of the Covid-19 Vaccine AstraZeneca at the "La Nuvola" congress center, on March 24, 2021 in Rome, Italy. La Nuvola congress centre in Rome has ramped up to become Italy's largest vaccination centre, administering some 3000 vaccinations a day. (Photo by Antonio Masiello/Getty Images)

ISLAMABAD: To support the national campaign to prevent COVID-19, the Securities and Exchange Commission of Pakistan (SECP) has advised over 146,000 companies registered with it, to ensure that their employees/workers, including their families, get vaccinated as soon as possible.

In this regard, SECP has issued a Circular to all public listed companies, public unlisted and private companies, associations, trade bodies, chambers, non-bank microfinance companies, modarabas, insurance companies, NBFIs, brokers, intermediaries etc.  The companies are also advised to encourage their business suppliers, vendors and customers to get themselves and their families vaccinated, at the earliest. 

The companies were informed that in order to speed up the vaccination drive the government of Pakistan has made vaccination mandatory for office workers. It is reiterated that vaccination is seen as the only viable way to counter this global health crisis, as those who have not received the vaccine are seven times more likely to contract the virus than those inoculated. The Companies are also encouraged to spend their Corporate Social Responsibility Funds for vaccination of their employees and their families.

As per the circular, all companies are required to submit the details of vaccination of their employees and their families to the SECP by July 26, 2021. In case the employees and their families have not yet started and participated in the vaccination drive, the management of the companies are advised to encourage them for vaccination and provide a compliance report by August 31, 2021.

The SECP will consider regulatory measures against companies that fail to effectively adhere to the GoP’s directions and policies for combating the pandemic.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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