Islamabad – In light of the recent unprecedented rains and flooding that have severely impacted communities across Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has issued a circular urging all companies to actively contribute to the “Prime Minister’s Relief Fund for Flood, Earthquake and Other Calamities”, on voluntary basis.
The Circular, emphasizes the critical role of the corporate sector in supporting national relief and rehabilitation efforts. The SECP has called upon companies to channel their contributions as part of their established Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) commitments.
The SECP underscored that timely and proactive support from businesses is essential to provide urgent relief to affected populations. Such contributions will also reinforce the corporate sector’s vital role as a key partner in the nation’s sustainable development and resilience against calamities.
The Commission also appreciated the corporate sector’s ongoing dedication to social welfare and for its robust participation in this crucial national cause.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
