According to the deal, Shahbaz Sharif (R) will be PM and Asif Ali Zardari will be President of Pakistan. File photo

Two Pakistan parties have reached a power-sharing agreement that will return Shahbaz Sharif to the premiership, leaving out politicians loyal to jailed former leader Imran Khan despite winning the most seats in this month's vote.

The Pakistan Muslim League-Nawaz (PML-N) and The Pakistan Peoples Party (PPP) said they had settled days of negotiations on securing a majority to form a coalition government that will also include several smaller parties.

Candidates loyal to Khan's Pakistan Tehrik-e-Insaf (PTI) party won the most seats but were forced to stand as independents following a sweeping crackdown on the party.

There were widespread allegations of vote-rigging and result manipulation in the February 8 election after authorities switched off the nation's mobile phone network on election day, ostensibly on security grounds, and the count took more than 24 hours.

After weeks of negotiations, Khan's adversaries announced at a late-night press conference in the capital Islamabad that a power-sharing agreement had been reached.

Under the deal, the PML-N and PPP will put forward former leader Shahbaz Sharif as prime minister and Asif Ali Zardari, the husband of assassinated former prime minister Benazir Bhutto, as president.

Imran Khan

"The Pakistan Peoples Party and Pakistan Muslim League Nawaz have attained the numbers and we will form a government," said PPP chairman Bilawal Bhutto Zardari, the son of Asif Ali Zardari and Benazir Bhutto.

"We are hopeful that Shahbaz Sharif will soon become the prime minister of the country and the whole of Pakistan should pray that the government should be successful."

Sharif, seated next to Bhutto, added: "After 76 years, we find ourselves dependent on loans, and overcoming this situation is easier said than done. There are significant challenges that we are facing ... We have to take Pakistan out of these challenges."

Bhutto Zardari said that ministerial portfolios had been agreed upon and would be announced in the coming days.

Shehbaz Sharif (left) shakes hand with Bilawal Bhutto Zardari. File photo

The National Assembly must convene by February 29, when the coalition can be formally approved.

‘Stealing an election’

The PTI lashed out against the agreement, reiterating its accusations of foul play. "The PML-N and the Peoples Party deserve some praise for their epic 30-year journey, from stealing taxpayers' money together to stealing an election together," the party said on social media platform X. It also referred to Shahbaz Sharif and Bilawal Bhutto's parties as "mandate thieves."

The PML-N and the PPP combined in 2022 to oust former leader Khan in a no-confidence vote before sharing power in a shaky coalition that also saw Sharif at the helm, until the National Assembly was dissolved in August ahead of elections.

Sharif's brother, three-time premier Nawaz Sharif, returned to Pakistan from self-imposed exile to lead the election campaign but failed to secure the expected majority despite analysts saying they had the backing of the military, the country's kingmakers.

Former cricketing legend Khan has been languishing in jail since August, slapped with lengthy sentences for corruption, treason and an illegal marriage -- charges he says are politically motivated and designed to keep him from power.

Khan was brought to power in 2018 by a young electorate weary of the dynastic politics of PML-N and PPP, but also reportedly with the blessing of the generals.

He was booted from power after analysts say he fell out with the military and went on to wage a risky campaign of defiance against the establishment.

Agence France-Presse