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Gammon Pakistan Limited

Gammon Pakistan Limited (PSX: GAMON) was incorporated in Pakistan as a public limited company in 1947. The principal activity of the company is the execution of civil construction works particularly bridges and buildings. Bibojee Services (Private) Limited is the holding company of GAMON.

Fuel subsidy misses the point

The government has announced a Rs75 billion subsidy on fuel consumption for 2/3-wheelers and small-car users. The scheme will run for three months, with the objective of providing some relief to bike and car users. Critics, however, are of the view that it may end up being more of a political stunt.

Holding policy rate: the right decision

EDITORIAL: The Monetary Policy Committee kept the policy rate unchanged at 11.5 percent which must be supported. Any increase in the rate would have made borrowing costs for the government (the single…

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