The general elections were held on February 8, 2024. After weeks of political negotiations, a coalition government was formed between the PML-N, PPP, MQM-P, and other smaller parties. Shahbaz Sharif was subsequently elected as the Prime Minister for his second term on March 3, 2024.

The Diamer-Bhasha Dam, located on the Indus River, is a vital national project for water storage and hydroelectric power generation. During the 2024-2025 period, the Shahbaz Sharif government prioritized its funding and construction speed, aiming to provide 4,500 MW of clean energy and 6.4 MAF of water storage capacity.

The Green Pakistan Initiative (GPI) was launched in July 2023 and expanded through 2024-2025 to revolutionize the agricultural sector. It involves bringing millions of acres of barren land under cultivation through corporate farming, modern technology, and foreign investment to ensure food security and boost agricultural exports.

Asif Ali Zardari was elected as the President of Pakistan for a second time on March 9, 2024. As the joint candidate of the ruling coalition led by the PML-N and PPP, his election was a key component of the power-sharing agreement between the major political parties following the February 2024 general elections.

In June 2024, Pakistan was elected as a non-permanent member of the UN Security Council with an overwhelming majority for the term 2025-2026. This victory reflected the success of Pakistan's 'Multilateral Diplomacy' and provided the government with a global platform to advocate for regional peace, the Kashmir issue, and the interests of the Global South.

Islamabad hosted the high-profile SCO summit on October 15-16, 2024. This was a major diplomatic milestone for the Shahbaz Sharif government, attended by several heads of government, including the premiers of China and Russia. The summit focused on regional cooperation in trade, economy, and security, and was the first visit by an Indian Foreign Minister to Pakistan in nearly a decade.

The Special Investment Facilitation Council (SIFC) was established in June 2023 to fast-track foreign investment, particularly from Gulf countries, in key sectors like Agriculture, Mining, Information Technology, and Energy. It involves both civil and military leadership to ensure policy continuity and ease of doing business, serving as a primary pillar of the government's economic recovery plan through 2025.

The 26th Constitutional Amendment, also known as the Constitutional Package, was passed in October 2024. Key provisions included the formation of a Judicial Commission to appoint judges, a fixed three-year tenure for the Chief Justice of Pakistan, and the establishment of constitutional benches in the Supreme Court and High Courts. The amendment aimed to ensure parliamentary oversight in the appointment of the top judiciary.

In September 2024, the International Monetary Fund (IMF) Executive Board approved a 37-month Extended Fund Facility (EFF) arrangement for Pakistan worth approximately $7 billion (SDR 5,320 million). This program was designed to support the government's efforts to cement macroeconomic stability and create conditions for a stronger, more inclusive, and resilient growth through difficult structural reforms.

Shahbaz Sharif was elected as the 23rd Prime Minister of Pakistan on April 11, 2022, following the successful vote of no-confidence against Imran Khan. He led a multi-party coalition known as the Pakistan Democratic Movement (PDM), marking a significant shift in the country's political landscape during a period of high economic volatility.