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. 


Pakistan announces oil, gas discovery in northwest as it seeks to cut energy imports

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Pakistan announces oil, gas discovery in northwest as it seeks to cut energy imports

  • Exploratory well in Khyber Pakhtunkhwa flows 4,100 barrels of oil, 10.5 MMSCFD of gas
  • The find adds to recent discoveries as Pakistan pushes to boost domestic energy output

KARACHI: Pakistan on Thursday announced the discovery of oil and gas in the northwestern Khyber Pakhtunkhwa province, saying the find could help reduce the country’s energy supply gap by adding to domestic production.

The discovery was made in the Datta Formation at an exploratory well drilled by the state-run Oil and Gas Development Company Limited (OGDCL) in Kohat district. The Datta Formation is a rock layer known to hold oil and gas in parts of northern Pakistan and has been a key focus of exploration activity.

Pakistan faces a widening energy gap due to rising demand and limited domestic output, forcing it to rely heavily on costly fuel imports that leave the economy exposed to global price swings.

“During case-hole Drill Stem Test (DST-02) in Datta Formation (Jurassic age), the well flowed at the rate of 4,100 barrels of oil per day (BOPD) and 10.5 million standard cubic feet per day (MMSCFD) of gas,” OGDCL Company Secretary Wasim Ahmad said in a letter to the Pakistan Stock Exchange.

A drill stem test is carried out to assess how much oil and gas a well can produce after drilling, helping companies evaluate whether a discovery is commercially viable.

OGDCL said the well was drilled to a depth of 5,170 meters and encountered oil- and gas-bearing zones at multiple levels. Earlier testing in a deeper geological layer had also resulted in a discovery, strengthening the overall prospects of the well.

“This oil and gas discovery will contribute toward mitigating the energy supply-demand gap through indigenous resources and will add to the hydrocarbon reserves base of OGDCL, its joint partners and the country,” the letter added.

Pakistan has reported several oil and gas finds in recent months as it steps up efforts to boost domestic output.

In September, Pakistan Petroleum Limited announced a discovery in Attock district of Punjab, while Mari Energies reported a new gas find in North Waziristan earlier this year.