*Chase Securities* *What You Should Know Today* *27th February, 2025* *Key Headlines* 1. IMF objects to sales tax exemption for EVs 2. Petrol price likely to rise by Rs4 per litre, diesel may see slight reduction 3. Govt to cut agri power tariff 4. Govt halts capacity payments to 22 IPPs, saving Rs1.5 trillion 5. IMF team to visit Pakistan next week, says FM Aurangzeb *Market Outlook: Corporate Developments* Stock-specific developments continued to drive market activity as investors closely monitored corporate announcements and financial results. PAEL's announcement of its partnership with Electrolux garnered attention, while Hub Power's higher-than-expected dividends were overshadowed by earnings that fell short of market expectations, leading the stock to consolidate. Additionally, reports of the IMF's objections to incentives on electric vehicles triggered some profit-taking. Investors are now focused on developments related to the IMF program, with the review set to begin next week, as confirmed by the Finance Minister. The outcome of this review, along with the IMF’s decision on the government’s proposals for energy tariff adjustments and the circular debt reduction plan, will be crucial in shaping market sentiment. The market is likely to remain sensitive to corporate announcements and updates on the IMF program. Additionally, the last two days of the futures rollover week may influence market sentiment, contributing to a continued consolidation phase. *Top Picks* OGDC, PPL, PSO, UBL, MEBL, BAFL, FFC, FATIMA, CHCC, MLCF, DGKC, SAZEW, GHNI, ATLH, AGTL, INDU, ISL, ASL, PSX, LOADS, COLG, GCIL, PAKT, IMAGE, SPEL, HUMNL, TGL, GHGL *Important Board Meetings Today* BIPL, DEL, HUMNL, ASTL, NCPL, GRR, DCR, BLUEEX, GTYR, INDU, MERIT, PREMA, TRG, TPL, KOSM, BFBIO, NPL, AGP, JVDC, TOMCL, BATA, KOHE- Corporate Results LSEVL- Other Matters *Corporate Briefing* N/A *Start of Ex-Price today* NICL- 20% Dividend ICL- 20% Dividend ALTN- 97% Dividend CHCC- 15% Dividend BWCL- 80% Dividend *Last Day of Entitlement* N/A *Other Key Events Today* FX Reserves Position will be released today *Results to be Announced at Market Open* GHNI, SYM, THAL, SFL