Gammon Pakistan Limited has released its Quarterly Progress Report for Q1 2027, covering the period ended September 30, 2026, detailing the company's operational status and market conditions.
- The company did not secure any new construction projects during the quarter, resulting in no operating revenue from contract activities.
- Management is actively pursuing business opportunities while maintaining financial discipline amidst challenging market conditions.
- The State Bank of Pakistan's policy rate remains at 11.5%, with inflation fluctuating between 9.2% and 11.1% during the quarter, impacting the construction sector.
- The Federal Public Sector Development Programme allocated approximately PKR 1 trillion for FY 2026-27, but project awards remain constrained due to fiscal priorities and high financing costs.
- Despite the lack of new business, the Board is optimistic about medium-term prospects, citing planned development spending and investment in infrastructure as potential growth drivers.