KATHMANDU, May 17: The merging CPN-UML and CPN (Maoist Center) have dissolved their respective parties on Thursday, before announcing their unification after eight months of merger initiation.

The two ruling parties held separate central committee meeting, following the joint committee meeting, and dissolved their respective parties.

A party unification coordination committee meeting held at Prime Minister’s official residence approved the unification earlier in the afternoon. The merger committee meeting also approved the interim statute and organizational report of the new party, according to UML General Secretary Ishwor Pokhrel.

The coordination committee has also agreed to register a new party ‘Nepal Communist Party’ at the Office of Election Commission, Jamal today itself following the unified central committee meeting.

Earlier on Wednesday, two chairs of UML and Maoist Center had forged consensus in principle to finalize the bid. The two parties are organizing a press conference in the evening to announce their unification.

The new party will be named as Communist Party of Nepal. Similarly, the guiding principle of the party will be of Marxist and Leninist doctrine. The party will led by co-chair system.

There will be 43 standing committee members (25 from UML and 18 from MC), 441 central committee members (241 from UML and 200 from MC). The electoral symbol of the party will be the sun.

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