ISLAMABAD: An anti-corruption court on Thursday acquitted Prime Minister Shehbaz Sharif and his son Hamza Shahbaz on charges of using public funds to benefit Ramzan Sugar Mills, built by the premier’s father in 1992 and part of the Sharif Group of Companies.
The case, filed by the National Accountability Bureau on Feb. 18, 2019, involved allegations Sharif had used public funds to build a sludge carrier in Chiniot district in Punjab province to benefit Ramzan Sugar Mills, owned by his sons. Sharif was the chief minister of Punjab province at the time. NAB had alleged the project inflicted a loss of Rs213 million to the national exchequer.
“An Anti-Corruption Court Lahore has acquitted Prime Minister Shehbaz Sharif and former Punjab Chief Minister Hamza Shehbaz in the Ramzan Sugar Mills case,” state broadcaster Radio Pakistan said on Thursday. “The verdict was announced by Judge of Anti-Corruption Court Sardar Iqbal Dogar in Lahore.”
Sharif and son Hamza were indicted in the case in 2019. They had pleaded during hearings since that the sludge carrier was not constructed only to cater to the family’s mill but to benefit the area.
“The acquittal came after the NAB informed the court that it had found no evidence of financial corruption or misuse of authority by Shehbaz and stated and stated that the allegations of misuse of authority and corruption against the former prime minister were not substantiated under the National Accountability Ordinance of 1999,” Pakistan’s top news channel, Geo News, reported.
“The premier and former chief minister, in the 2018 reference, was accused of causing massive financial loss to the national kitty by awarding the contract to a construction firm without a competitive bidding process.”
In Nov. 2023, Sharif and 10 others were acquitted by an accountability court in the Lahore in the Ashiana-e-Iqbal Housing Scheme reference.
Sharif, 73, is the younger brother of three-time Prime Minister Nawaz Sharif, who spearheaded their Pakistan Muslim League-Nawaz (PML-N) party’s election campaign for the 2024 general election.
This is Sharif’s second term as prime minister. He first replaced cricketer-turned politician Imran Khan as prime minister after the latter’s ouster in a no-confidence vote in parliament in April 2022.
Sharif is best known for his direct, “can-do” administrative style, which was on display when, as chief minister of Punjab province, he worked closely with China on Beijing-funded projects after 2013. He also planned and executed a number of ambitious infrastructure mega-projects, including Pakistan’s first modern mass transport system in his hometown, the eastern city of Lahore.
Pakistani PM, son acquitted in long-running sugar mills corruption case
https://arab.news/9d2uy
Pakistani PM, son acquitted in long-running sugar mills corruption case
- Case involved allegations of the misuse of authority by Shehbaz Sharif when he was chief minister of Punjab provinces
- Anti-graft authority had charged Sharif with using public funds to built a sludge carrier that would benefit a family-owned mill
US says trade with Pakistan could top $8 billion in 2025
- US chargé d’affaires links rising trade to deeper economic engagement with Pakistan
- Visit comes amid broader effort by Islamabad and Washington to improve bilateral ties
ISLAMABAD: Trade between the United States and Pakistan is projected to exceed $8 billion in 2025, the US Embassy said on Tuesday, as Washington signaled confidence in Pakistan’s export base and economic potential during a high-profile visit to the industrial city of Sialkot.
The projection was highlighted by US Chargé d’Affaires Natalie A. Baker during meetings with Pakistani exporters and business leaders, underlining the importance Washington places on trade, investment and supply-chain cooperation as the two countries seek to stabilize and expand their economic relationship.
“Highlighting the growth in trade between the United States and Pakistan, which was projected to reach over $8 billion in 2025, Baker said, ‘Expanding trade reflects a strong foundation that highlights the positive impact of US economic engagement in Pakistan and globally. The United States and Pakistan are pursuing a fair and balanced trade relationship that creates prosperity for both our nations’,” the US embassy said in a statement.
The envoy said the United States had been Pakistan’s largest export market and a leading investor, presenting significant opportunities for expanded trade and shared prosperity.
“The United States remains deeply invested in Pakistan and its people,” Baker said, “building on a partnership that dates back to Pakistan’s independence and continues to grow through trade, innovation, education, and cultural exchange.”
The visit comes amid a broader effort by Islamabad and Washington to improve bilateral ties under US President Donald Trump’s second term, after years of uneven engagement. Since mid-2025, the two sides have stepped up diplomatic contacts, including meetings between Prime Minister Shehbaz Sharif, Pakistan’s military leadership and US officials, alongside discussions on trade, minerals, security cooperation and regional stability.
Pakistan has also sought to re-energize economic diplomacy with Washington as it works to boost exports, attract foreign investment and stabilize its economy under an IMF-backed reform program.
In July 2025, the two countries agreed to a bilateral trade deal that included reciprocal tariff reductions and frameworks for US investment in Pakistan’s energy and mineral sectors, a step Islamabad has hailed as opening new avenues for economic collaboration.
During her visit, Baker toured leading exporters including Forward Sports, First American Corporation (FAC) and CA Sports, companies that are deeply embedded in global supply chains. The embassy said nearly 70 percent of FAC’s exports go to the United States, illustrating sustained US consumer demand for Pakistani-made goods.
Baker also visited Sialkot International Airport and met with the leadership of AirSial, highlighting private-sector-led infrastructure and logistics as key to Pakistan’s export growth.
