Many private companies in Pakistan continue to struggle to meet their gender diversity goals, while fewer than one in 20 women reach senior management positions, according to a new study by the International Finance Corporation and Pakistan Business Council.
The study published the challenges and opportunities associated with the employment of women in the private sector.
More than half of the 86 companies in various sectors that responded to Pakistan’s Gender Diversity and Disclosure Survey, less than 15 percent of women worked for them, despite clear targets to meet the 15 percent composition. 63 percent have less than five percent of women in leadership positions, while 60 percent of women have no or only one female board member.
Awareness and non-transparency of gender diversity is also a problem: almost 70% of surveyed companies do not collect data on the gender pay gap. In addition, more than half do not disclose gender goals.
To counter the Gender Gap, the survey includes five IFC principles for gender equality that can be adopted by private sector companies. They focus on improving leadership and accountability, improving gender diversity, narrowing the gender pay gap, creating an optimal workplace culture, and training and mentoring women workers.