The Ministry of Information Technology has issued the procedure for obtaining Rs100 per litre petrol relief for motorcycles, rickshaws, Qingqis and small cars.

According to the ministry, citizens must first register for the relief scheme. To register, applicants need to send REG, followed by their CNIC number, to 9771 via SMS. They must also provide their vehicle number, provincial code and registration date.

Eligible citizens will then need to obtain a fuel token to purchase petrol at the discounted rate. For the token, applicants must send TOK to 9771 via SMS.

The fuel token received in response must be presented to obtain petrol at the subsidised price.

According to the ministry, the petrol relief scheme will begin in Islamabad from the night between Monday and Tuesday, while residents of other parts of the country will be able to avail the relief from the night between Wednesday and Thursday.

Under the scheme, eligible citizens will receive a Rs100 per litre discount on petrol.

Motorcycle and Qingqi users will be eligible for the discount on up to 20 litres of petrol per month, while owners of vehicles with engine capacities of up to 800cc will receive the discount on up to 30 litres per month.

As investors remained cautious ahead of the monetary policy announcement and amid continued tensions in the Middle East, the Pakistan Stock Exchange (PSX) began the work week on a low note.

From the previous finish of 170,511.85, the KSE-100 index dropped 1,058.78 points to 169,453.07 points, representing a negative move of 0.62%.

The index had intraday highs of 169,830.11 and lows of 168,691.34 during the session.

As investors considered the impending monetary policy announcement and the possible effects of ongoing tensions in the Middle East on financial markets, market mood remained muted.

Today (Monday) is the second meeting of the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) for the current fiscal year.

The committee is anticipated to examine the most recent state of the nation’s economy, paying special attention to inflation, interest rates, economic expansion, and other important financial metrics.

The meeting will decide whether the central bank should keep the current policy rate or change it to reflect the current state of the economy.

he State Bank of Pakistan (SBP) Monetary Policy Committee (MPC) meeting for the current fiscal year will be held today (Monday) in Karachi,

A survey report released by Topline Securities stated that 84 percent of people expected the interest rate to remain unchanged, while 14 percent expressed the hope for an increase of 50 basis points and two percent predicted 100 basis point increase in the interest rate.

The petrol price in Pakistan increased by Rs24 after the last meeting of the Monetary Policy Committee.

The report further stated that the difference between inflation and the interest rate and inflate percentage is more than 250 basis points. 

The committee is expected to review the country’s latest economic situation, with particular focus on inflation, interest rates, economic growth, and other key financial indicators.

The meeting will determine whether the central bank should maintain the existing policy rate or make an adjustment in response to prevailing economic conditions.

According to the monetary policy calendar issued by the State Bank, the Monetary Policy Statement and related information will be released following the conclusion of the meeting.

The first MPC meeting of the current fiscal year was held on July 27, 2026. The decision from today’s meeting is being closely watched by businesses, investors, and financial markets for indications about the future direction of monetary policy.