Shehbaz Sharif set for Pakistan's top job as elder brother steps aside

Reuters:  Shehbaz Sharif is set to begin a second term as Pakistan's prime minister in coming days, returning to the role he had until August when parliament was dissolved ahead of last week's elections.

Sharif, 72, was named by his party and coalition allies to head the nuclear-armed nation despite his elder brother and three-time Prime Minister Nawaz Sharif winning a seat in the assembly and being favourite to be sworn in for a fourth term.

Nawaz Sharif's daughter Maryam said in a post on X that her father did not want to run a minority coalition government having had clear majorities in his three previous stints as premier. Their Pakistan Muslim League-Nawaz (PML-N) party controls only 80 seats in the 264-seat parliament but has been promised support by six other parties for a majority.

The younger Sharif played a key role in keeping together a coalition of disparate parties for 16 months after parliament voted former premier and rival Imran Khan out of office in 2022, and in securing a last gasp International Monetary Fund (IMF) deal in 2023.

Shehbaz Sharif became prime minister as the PML-N buried differences with the powerful military in the face of their common rival, Khan, who was at odds with top generals over policy differences.

At the time, Nawaz Sharif was in self-imposed exile in London and disqualified from holding public office.

Before his stint as prime minister, the younger Sharif was known more as a good administrator than a politician, having served as chief minister thrice in the country's largest province, Punjab.

But as prime minister, he quickly took on the role of peacemaker between coalition parties often at odds with one another over key policies.

Shehbaz Sharif's biggest achievement in his short tenure was clinching a bailout from the IMF with Pakistan on the brink of a debt default. The deal was signed after Sharif personally called on IMF chief Kristalina Georgieva last June.

However, under his government, inflation touched a high of 38% with record depreciation of the rupee currency - mainly due to structural reforms necessitated by the IMF programme to stabilise the economy.

He blames the economic meltdown on Khan's government, which he says broke an agreement with IMF just before he was ousted. Sharif said his government had to introduce a slew of reforms and scrap subsidies, causing inflation to surge.