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 steps up EU trade engagement as India deal raises export fears

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Pakistan steps up EU trade engagement as India deal raises export fears

  • Deputy PM chairs inter-ministerial meeting, calls GSP+ “crucial” for growth
  • Move follows India–EU trade pact that industry warns could hit exports, jobs

ISLAMABAD: Pakistan’s Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar on Friday chaired a high-level inter-ministerial meeting to review and strengthen trade and economic relations with the European Union, as Islamabad scrambles to safeguard market access following India’s new trade deal with the bloc.

The meeting is part of a broader diplomatic and policy push this week after India and the EU confirmed a free trade agreement granting Indian exporters sweeping tariff-free access to Europe — a development Pakistani exporters and analysts warn could erode Pakistan’s competitiveness, particularly in textiles, its largest export sector.

The EU is Pakistan’s second-largest export market, accounting for about $9 billion in annual shipments, mostly textiles and apparel. Industry leaders have warned that India’s tariff-free access could undercut Pakistan’s long-standing advantage under the EU’s Generalized Scheme of Preferences Plus (GSP+), which allows duty-free access in return for commitments on labor rights, human rights and governance.

At Friday’s meeting, Dar emphasized the centrality of GSP+ to Pakistan’s trade strategy with Europe.

“He emphasized that GSP Plus remains a crucial framework for mutually beneficial trade and underlined the need to maximize its potential for Pakistan’s economic growth,” the Foreign Office said in a statement.

Dar also stressed the importance of enhancing trade cooperation with the EU and exploring new avenues for economic engagement, as Pakistan assesses how to respond to shifting trade dynamics in Europe.

The inter-ministerial huddle follows a series of rapid consultations this week, including a meeting between Prime Minister Shehbaz Sharif and the EU’s ambassador to Pakistan, as well as briefings by trade bodies to Finance Minister Muhammad Aurangzeb on the potential impact of the India–EU agreement. 

Exporters have warned that unless Pakistan lowers production costs, particularly energy tariffs, and secures continued preferential access, the country could face declining market share in Europe and job losses across its labor-intensive textile sector.

Pakistan’s Foreign Office has said Islamabad is aware of the India–EU agreement and continues to view its trade relationship with the EU as mutually beneficial, but officials acknowledge that the new deal has intensified pressure to defend Pakistan’s position within the bloc.