President to Appoint Oli As New Prime Minister Today, Swearing-In Ceremony Set for Monday

President Ramchandra Paudel will appoint KP Sharma Oli as Nepal's new Prime Minister today. This follows the expiration of the deadline set by the President for the formation of the new government, as confirmed by Kiran Pokharel, the Press Advisor to the President.

In line with Article 76 (2) of the Constitution, President Paudel had called on parties to submit their claims for the new government leadership by 5:00 pm today. On Friday, CPN (UML) Chairman KP Sharma Oli submitted his claim for the Prime Minister's post with the support of the Nepali Congress.

After the deadline expires at 5:00 pm, President Paudel will officially appoint Oli as Prime Minister this evening. However, due to time constraints, the swearing-in ceremony for the Prime Minister and ministers will take place at 11:00 am on Monday, according to Press Advisor Pokharel.

The new government is being formed after incumbent Prime Minister Pushpa Kamal Dahal 'Prachanda' lost the majority in parliament, following the decision of the CPN-UML to part ways with him and align with the main opposition, the Nepali Congress.