KUALA LUMPUR: Parti Kuasa Rakyat (Kuasa Rakyat) which was launched today, is leaving it to Barisan Nasional (BN) on whether to accept the party as a component of the coalition.

Its founding president, Kamarazaman Yaakob said Kuasa Rakyat is a multi-racial party which could fill the existing void in the coalition.

"We are not replacing MCA, MIC... as we are a multiracial party and there is a void in BN and that depends on how far they are willing to accept us. It also depends on the political conditions and situation," he said.

He was speaking to reporters after the launching ceremony of Parti Kuasa Rakyat here today.

Kamarazaman when asked on when the party will be registered by the Registrar of Societies (RoS), he said Kuasa Rakyat is also discussing with a party which has been registered in the country to merge and form a new leadership.

Without naming the party he said Kuasa Rakyat would focus on the agenda to empower the B40 and M40 groups as well as the youth in the country apart from being a government-friendly party.

"Kuasa Rakyat will champion the policy of free education. Would abolish PTPTN (National Higher Education Fund Corporation), pledges to write off all forms of loans and replace it with scholarships, bursaries or something similar to that.

"The cancellation of debts only applies to the children of B40 and M40 groups. Similarly, on the matter of giving all forms of scholarships, it is only for B40 and M40 children, "he said.

Meanwhile, Kamarazaman also denied that the party was orchestrated by certain parties, including his brother who is also Prime Minister Datuk Seri Ismail Sabri Yaakob.