ISLAMABAD – On Friday, the Supreme Court of Pakistan disqualified Prime Minister Nawaz Sharif for not disclosing his employment with FZE Capital, in a landmark decision in the Panamagate case.
The verdict declared Prime Minister Nawaz Sharif ‘disqualified’ for concealing his employment.
“Following the verdict, Nawaz Sharif has resigned from his responsibilities as prime minister,” a spokesman for PM’s office said in a statement.
Supreme Court Justice Asif Saeed Khosa initiated the announcement of the court’s verdict on the Panama Papers case shortly after 12:00 pm.
Cases would be opened against Captain Muhammad Safdar, Maryam, Hassan and Hussain Nawaz as well as Prime Minister Nawaz Sharif.
The prime minister – who himself is not named in the Panama Papers – denies all allegations and insists they are politically motivated.
Nawaz Sharif has been ousted by graft allegations once before, during the first of his three terms as prime minister in 1993. »