Wearing a traditional black sherwani, Shehbaz Sharif's inauguration unfolded live on state TV. The Feb. 8 election was marred by controversies, including a mobile internet shutdown, arrests, and violence, leading to delayed results and accusations of rigging.
Despite candidates backed by Imran Khan securing the most seats, the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan People's Party (PPP) formed a coalition government. The PML-N, led by Shehbaz Sharif's elder brother Nawaz Sharif, opted not to take the prime minister's post.
Shehbaz Sharif's return to the role he held until August has been closely watched by economists, investors, and foreign capitals, awaiting announcements about the cabinet, especially the finance portfolio. The new finance minister will engage in crucial talks with the International Monetary Fund as the current funding agreement expires in April.
While former finance minister Ishaq Dar is a top contender, several other candidates are seriously being considered, as per PML-N sources. The appointments and policy decisions of the new government will be closely watched amid economic challenges and the need for international financial agreements.
(Inputs from Reuters)