
Nepali Congress leader Sher Bahadur Deuba today resigned from the post of prime minister paving the way for CPN-UML chairman to be the next prime minister of the Himalayan kingdom.
Nepal's largest party had picked Oli as the next Prime Minister of the country yesterday, two months after the successful conclusion of parliamentary elections.
The Left Alliance of the CPN-UML, led by Oli and CPN-Maoist Centre, led by Prachanda, had in December secured 174 seats in the 275-member Parliament in the historic provincial and parliamentary polls that many hope will bring much-needed political stability to the Himalayan nation.
It had also secured an overwhelming majority in the upper house of Parliament with 39 seats, paving the way for the leftist alliance to form the country's next government.
CPN-UML, with the support of CPN Maoist Centre, has emerged as the largest party after garnering the majority in the three-tier elections.
KP Sharma Oli will head the first government elected under a new national constitution that cements Nepal's transformation from Hindu monarchy to a federal republic 11 years after the end of a brutal Maoist insurgency.
The historic elections in December were the first under the country's new post-war constitution, which sets out a sweeping overhaul of the political system, devolving significant power from the centre to the seven provinces.
Sher Bahadur Deubabecame prime minister in June 2017.
(With inputs from agencies)