Companies urged to ensure staff vaccination

July 23, 2021 (MLN): In view of the Government's relentless efforts to control the fourth wave of the COVID-19, the Securities and Exchange Commission of Pakistan (SECP) has issued a circular that advises all companies to ensure that their employees/workers, including their families, get vaccinated as soon as possible.

In the present circumstances, 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. Moreover, some employers are also withholding the medical & other benefits of employees who do not get vaccinated, the circular issued to all TREC Holders said.

“In view of the above-stated facts, the chief executive officers of all public listed companies, public unlisted and private companies, associations, trade bodies, chambers, microfinance institutions, modarabas, insurance companies, NBFIs, brokers, intermediaries, etc. are advised to ensure that their employees/workers, including their families, get vaccinated as soon as possible. The companies are also advised to encourage their business suppliers and customers to get themselves and their families vaccinated, at the earliest,” it said.

All companies are required to submit information to the Commission regarding the current vaccination status of their employees and families 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,” the SECP notice added.

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