Shehbaz Sharif will be the coalition government’s choice for PM, while Asif Zardari will run for president.

ISLAMABAD: After days of discussions, the two major parties reached an agreement on a power-sharing formula in which Shehbaz Sharif would be nominated for Prime Minister and Asif Ali Zardari would run for President.

The agreement was reached on Tuesday between the coordination committees of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP), despite allegations of extortion by the former coalition partners.

The deal between Bhutto Zardari’s PPP and three-time Prime Minister Nawaz Sharif’s PML-N brings an end to days of uncertainty and discussions following the hung national parliament elections on February 8.

The PPP chairwoman announced the accord during a late-night news conference in the federal capital.

Shehbaz Sharif, who was seated next Bilawal, stated that the two parties had the numbers to form a government and were supported by other minor parties.

The PML-N holds the most seats (79), followed by the PPP (54). They and four other smaller parties hold a solid 336-seat majority in the legislature.

The delay in creating a government in the nation of 241 million has raised concerns, since Pakistan is dealing with an economic crisis characterized by poor growth and record inflation, as well as escalating terrorist violence, and requires a strong administration with the capacity to make difficult decisions.

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