Panama Papers: Pakistan PM Nawaz Sharif awaits ruling

Panama Papers: Pakistan PM Nawaz Sharif awaits ruling

ISLAMABAD: A large number of Police officials are deployed on Thursday surrounded Pakistan Supreme court in capital city Islamabad, as today the historical decision of court held by a panel of five Judiciary expert Judges which will decide the future of PM Nawaz Sharif over corruption allegations related to the Panama Papers leaks.

This decision of Panama case can dismiss Nawaz Sharif from the post of Prime Minister,.Police is engaged in controlling the public from entering court, as except the followers of Nawaz Sharif there are hundreds of opposition party workers reached Supreme court to get the historical decision, the highly anticipated ruling at 2 p.m. (0900 GMT) after nearly two months of deliberation and arguments.

Pakistan’s stock market rose nearly 250 points on Thursday, after having closed up 1.6 percent the previous day, showing investors are confident the court will not rule Sharif ineligible to be prime minister.

The case against Sharif is based over leaked documents from the Panama-based Mossack Fonseca law firm, which was released these documents shows that PM’s daughter and two sons owned offshore holding companies and used them to buy properties in London.

The “Panama Papers” were published last year by the International Consortium of Investigative Journalists (ICIJ).

“The prime minister’s name was not in the ICIJ Panama Papers, his children’s were, and there’s no connection between the children’s finances and his, because they file separate taxes,” Daniyal Aziz, a member of the ruling Pakistan Muslim League Nawaz (PML-N), said.

Last year, Prime Minister Nawaz Sharif addressed to parliament claiming that his family wealth was acquired legally which came from his forefathers even before he entered politics.

Panama case decision is one of the most awaited by the whole nation, as Prime Minister’s corruption is pointed in this case, this decision predictions and discussions has be focused by media since the blames rose over Nawaz Sharif.

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