The Pakistan Muslim League-Nawaz(PML-N) led by former prime minister Nawaz Sharif on Friday decided not to rejoin the ruling coalition.
The PML-N Friday held a meeting here, chaired by Sharif, discussed the overall political situation in the country with special reference to the presidential election, according to official Associated Press of Pakistan (APP).
Talking to reporters, PML-N chairman Raja Zafarul Haq said that there was no chance that the PML-N would rejoin the coalition government.
"The meeting has decided not to rejoin the coalition," he said.
The PML-N also decided that the PML-N would not withdraw its presidential candidate, the PML-N chairman Raja Zafarul Haq said.
He said it was decided that the PML-N would continue consultations with other political parties with a view to mustering more support for its presidential candidate, Saeed-uz-Zaman Siddiqui, a former chief justice.
He said that they hoped an "important political development is expected within next 24 hours."
Zafarul Haq said talks were underway with the Pakistan Muslim League-Quaid and this process would continue up to the presidential election.
Sharif announced at a news conference here on Monday that the PML-N had decided to quit the ruling coalition because its coalition partner Pakistan People's Party (PPP) broke their promises for several times.
Speaking on the state-run PTV on Monday, the PPP Co-chairman Asif Ali Zardari apologized to Sharif and asked him to rejoin the ruling coalition.