12 Feb 2024
Jahangir Khan Tareen on Monday said that he has decided to resign as chairman of Istehkam-e-Pakistan Party (IPPP) and 'stepped away from politics'.
Taking to microblogging site X, the sugar baron wrote: "I have immense respect for the will of the people of Pakistan. Therefore, I have decided to resign from my position as Chairman IPP and step away from politics altogether."
"My gratitude to all the members of IPP. I wish them the absolute best," he added in his post.
I would like to thank everyone who supported me in this election and want to offer my congratulations to my opponents. I have immense respect for the will of the people of Pakistan. Therefore, I have decided to resign from my position as Chairman IPP and step away from politics…— Jahangir Khan Tareen (@JahangirKTareen) February 12, 2024
The former PTI leader said he 'will continue to serve his country to the best of his ability in a private capacity'.
"May the next few years see Pakistan prosper IA. Pakistan Zindabad."
According to sources, his decision to leave politics and his party came after he suffered defeats in both constituencies, NA-149 and NA-155, from where he was vying for the National Assembly seat.
In NA-149, PTI-backed candidate Malik Mohammad Amir Dogar defeated Tareen with a huge margin of 93,447 votes as the former secured 143,613 votes, while the latter got only 50,166 votes.
While in NA-155, the renowned businessman lost to PML-N's Saddique Khan Baloch, where Jahangir secured 71,128 votes and the three-time premier-backed candidate got 117,671 votes.