Manny Pacquiao has announced his retirement from boxing and wants to focus on his political career.

The 42-year-old, who is a senator in his native Philippines, has already confirmed his intention to run for president in the country’s 2022 elections.

Pacquiao’s final fight was a defeat to Cuba’s Yordenis Ugas in Las Vegas last month, BBC reports.

“I just heard the final bell. Boxing is over,” the multi-division world champion said.

In a video posted on social media, Pacquiao described retiring as the “hardest decision” of his life, adding boxing had given him “the chance to fight my way out of poverty” and “the courage to change more lives”.

He also thanked his fans, friends and all those who supported him throughout his career, most notably long-time trainer Freddie Roach, who he described as “my family, a brother and a friend”.

“I will never forget what I have done and accomplished in my life,” he said.