Pakistan is waiting with bated breath for the much-awaited decision in the high-profile Panama gate case against Prime Minister, Nawaz Sharif and his children.

The decision could determine the PM’s political future. The Supreme Court, yesterday, announced that its five-member bench will issue the judgment in Panama case, later in the day. The case was launched on November 3, and the court held 35 hearings before concluding the proceedings on February 23.

Pakistan Tehreek-i-Insaf chief Imran Khan and others held several petitions, about alleged illegal assets of the family of Sharif in London. The assets emerged when Panama papers showed that they were managed through offshore companies owned by Sharif’s children.

The petitioners have asked the court to disqualify 67- year-old Sharif under Article 62 and 63 of the constitution because he was involved in corruption and was no more “honest” and “truthful” as given in the Constitution.

If the Supreme Court announces severe measures against Sharif or his family members as part of the decision, it may lead to a serious crisis in government. Sharif's family has acknowledged owning offshore businesses. The opposition wants Sharif, who was in power since 2013, to resign over tax evasion and concealing foreign investment.

The Pakistan Supreme Court asked for a report on the matter in 60 days.

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By Supraja