Pakistan court acquits ex-PM Sharif in corruption case involving luxury London apartments

Pakistan's former Prime Minister Nawaz Sharif (R) stands beside his daughter Maryam Nawaz (L) as he waves to their supporters along with his brother and former Prime Minister Shehbaz Sharif (back) gathered at a park during an event held to welcome him in Lahore on October 21, 2023. (AFP/File)
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Updated 29 November 2023
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Pakistan court acquits ex-PM Sharif in corruption case involving luxury London apartments

  • Sharif was sentenced to ten years in prison in 2018 for corrupt practices in the purchase of Avenfield apartments
  • Sharif was also sentenced to seven years in prison the same year for failing to prove source of funds to set up steel mills

ISLAMABAD: The Islamabad High Court on Wednesday acquitted former Prime Minister Nawaz Sharif over corrupt practices linked to his family’s purchase of upscale London flats in a case in which the three-time ex-premier was sentenced to 10 years in prison in 2018.

Sharif’s third term as prime minister ran from 2013 to 2017, when he was removed by the Supreme Court amid revelations over his personal wealth in the Panama Papers investigations, and subsequently convicted of corruption in two cases. 

The Avenfield case revolved around the purchase of the upscale Avenfield apartments in London by the Sharif family. In a second case, the Al-Azizia reference, Sharif was convicted for owning assets beyond means and being unable to justify the source of the funds to set up the Al-Azizia Steel Mills and Hill Metal Establishment (HME) in Saudi Arabia. In the second case, Sharif was sentenced to seven years in jail in 2018.

Sharif has consistently denied the accusations, claiming they were politically motivated and blaming the country’s generals for directing the judges to bring him down. The military denies interfering in politics.

“I had left things to Allah, Allah has made me triumphant today,” Sharif told reporters after his acquittal in the Avenfield reference.

Asked about what he expected in the Al-Azizia appeal, the ex-PM said: “I have left that to Allah also.”

Sharif returned to Pakistan after four years in self-exile on Oct. 21 to lead his Pakistan Muslim League-Nawaz (PMLN) party in general elections, scheduled for February.

Ahead of his return, Sharif got protective bail against arrest from a court, and subsequently bail in both the Avenfield and Al-Azizia cases. While he has now been acquitted in the former case, his sentence in the Al-Azizia corruption reference was suspended by the caretaker administration in the Punjab province last month, which is widely considered to be close to the military establishment. The army denies it has any political affiliations.

The suspension of the Al-Azizia sentence and Sharif’s acquittal today in the apartments’ reference has led to widespread speculation that the way is being paved for Sharif’s return to power for a fourth time. 

A number of major political parties, including the Pakistan Tehreek-e-Insaf of ex-PM Imran Khan and the Pakistan People’s Party (PPP) of the Bhutto dynasty, have openly complained of the lack of what has popularly come to be called a “level playing field” — a euphemism for fair competition in elections. Both parties say the PMLN has become a favorite of the powerful military establishment ahead of polls. 


At UNSC, Pakistan warns competition for critical minerals could fuel global conflict

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At UNSC, Pakistan warns competition for critical minerals could fuel global conflict

  • The demand for critical minerals has surged worldwide due to rapid expansion of electric vehicles, advanced electronics and clean energy technologies
  • Pakistan’s representative says all partnerships in critical minerals sector must be ‘cooperative and not exploitative’ and respect national ownership

ISLAMABAD: Ambassador Asim Iftikhar Ahmad, Pakistan’s permanent representative to the United Nations (UN), has warned that intensifying global competition over critical minerals could become a new driver of global conflict, urging stronger international cooperation and equitable access to resources vital for the world’s energy transition.

The warning comes as demand for critical minerals and rare earth elements surges worldwide due to the rapid expansion of electric vehicles, advanced electronics and clean energy technologies, with governments and companies increasingly competing to secure supply chains while raising concerns that this may lead to geopolitical rivalries in the coming years.

Speaking at a Security Council briefing on ‘Energy, Critical Minerals, and Security,’ Ahmad said experience showed that the risks of instability increased where mineral wealth intersected with weak governance, entrenched poverty and external interference.

“Access to affordable, reliable and sustainable energy is essential for development, stability and prosperity. The global transition toward renewable energy, electric mobility, battery storage and digital infrastructure has sharply increased the demand for critical minerals,” he said.

“This upsurge has generated new geopolitical and geo-economic pressures. If not managed responsibly, competition over natural resources can affect supply chains, aggravate tensions, undermine sovereignty and contribute to instability.”

In several conflict-affected settings, he noted, illicit extraction, trafficking networks and opaque financial flows have fueled armed conflict and violence, weakened state institutions and deprived populations of legitimate revenues.

“The scramble for natural resources and its linkage to conflict and instability is therefore not new,” Ahmad told UNSC members at the briefing. “Pakistan believes that natural resources must serve as instruments of economic development and shared prosperity, and not coercion or conflict.”

He urged the world to reaffirm the right of peoples to permanent sovereignty over their natural resources, saying all partnerships in the critical minerals sector must be cooperative and not exploitative, respect national ownership, ensure transparent contractual arrangements and align with host countries’ development strategies.

“In order to prevent the exploitation of mineral-producing countries and regions, particularly in fragile and conflict-affected settings, support their capacity-building for strengthening domestic regulatory institutions, combating illicit financial flows, ensuring environmental safeguards, and promoting equitable benefit-sharing with local communities,” he asked member states.

“Promote equitable participation in global value chains. Developing countries must be enabled to move beyond extraction toward processing, refining and downstream manufacturing. Technology transfer, skills development and responsible investment are essential to avoid perpetuating structural imbalances.”