"It has been decided PM (Sharif) will meet Imran Khan for the sake of country," Minister for Railways Khawaja Saad Rafique, a close aide of Prime Minister Sharif, tweeted.
Rafique did not give the time for meeting.
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In the polls, Sharif's PML-N had won 190 out of 342 seats. Khan's PTI got 34 seats, the third largest bloc in the legislature.
Khan wants Sharif's ouster, while Canada-based cleric Tahir-ul Qadri wants to bring a revolution in Pakistan.
Sharif's decision came after Khan threatened to storm the Prime Minister House if he refuses to step down by today.
"If Nawaz Sharif does not resign then we will enter into the PM House," Khan said while addressing thousands of anti-government protesters who entered the heavily fortified 'Red Zone' and set up camp in front of the Parliament House.
Meanwhile, the military called for calm after protesters breached the Red Zone that houses important government buildings including the Parliament House, Prime Minister House, President House, the Supreme Court besides embassies.
"Situation requires patience, wisdom and sagacity from all stakeholders to resolve prevailing impasse through meaningful dialogue in larger national and public interest," military spokesman Maj Gen Asim Saleem Bajwa tweeted.
He said the buildings in the Red Zone are symbol of state and being protected by army, so the sanctity of these national symbols must be respected.
Earlier, the rallies led by Pakistan Awami Tehreek and Pakistan Tehreek-e-Insaf marched into the Red Zone and set up camp in front of the Parliament House.
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