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Pakistan's major parties agree to form coalition govt

The Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP) have agreed to form a coalition government in Islamabad. PML-N President Shehbaz Sharif and PPP Co-Chairman Asif Ali Zardari will be joint candidates for Prime Minister and President, respectively, as announced in a joint press conference.

After days of negotiations, the two major political parties have agreed on a power-sharing formula to form the government in Centre. Independent candidates, who won the majority with over 100 seats, were initially invited but failed to achieve the required numbers. Other parties, including the Muttahida Qaumi Movement-Pakistan, the Pakistan Muslim League, and the Istehkam-e-Pakistan Party, have also expressed their support for the coalition.

PML-N President Shehbaz Sharif acknowledges that the road ahead for the coalition government will be challenging but affirms the alliance’s readiness to confront and overcome obstacles together. The upcoming government is committed to addressing Pakistan’s ongoing crises and delivering positive outcomes for the country.

PPP Chairman Bilawal Bhutto Zardari mentioned that the details of the sharing of key constitutional offices between the two parties will be announced in the coming days. He expressed hopes for success in addressing Pakistan’s challenges, indicating that the news of the political alliance to form a coalition government will lead to a positive response from the markets and bring stability.

The Election Commission of Pakistan announced the result of 265 out of 266 seats for the National Assembly after the general elections on February 8. With no political party securing a simple majority, alliances have become necessary to form the government in Centre. The coalition government aims to work together to pull the country out of the ongoing crises and bring stability to Pakistan.

IANS

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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