Panama Papers scandal: Pak SC orders commission to probe corruption charges against PM Nawaz Sharif

In a setback to Pakistan Prime Minister Nawaz Sharif, the Supreme Court ordered to form a judicial commission on Monday to probe into the Panama Papers scandal involving corruption allegations against the family of the beleaguered premier, who is under pressure from Imran Khan's Pakistan Tehreek-i-Insaf, to step down.

A five-member bench headed by Chief Justice Anwar Zaheer Jamali conducted the hearing in presence of several ministers, lawyers, senior PTI leaders and media, just a day before a rally proposed by Khan who had vowed to bring one million supporters to shut down Islamabad demanding Sharif's ouster.

The court heard several identical petitions by Khan and others to investigate charges of corruption against Sharif and his relatives after the Panama Papers released earlier this year showed his family owning offshore companies and assets.

The apex court said it was ready to appoint a probe commission headed by a judge and armed with powers of the Supreme Court.

"The commission will report to the Supreme Court," the chief justice said, adding that the commission will have the same authority as the top court. The decision of the commission will be considered as the court's ruling and will be binding upon all parties. The court ordered the government and petitioners to present their Terms of Reference (ToR) for the probe panel. The court will decide to harmonise the ToR if the parties could not come up with the agreed set of ToR.

Before its adjournment till Thursday, the court also expressed willingness to hold hearings on a daily basis. However, the court did not ban the protest by PTI tomorrow in Islamabad. But it advised the government and opposition to show restraint.

Reacting to the court's ruling, Khan said the planned anti-government rally will now be marked as a day of thanksgiving in Islamabad.

Addressing a press conference outside Bani Gala, Khan thanked those who were part of his struggle against corruption. "Go home and rest," Khan told supporters.

"You have to return to Islamabad on Wednesday to celebrate thanksgiving at Parade Ground." "I am elated that the investigation into Nawaz Sharif's (alleged corruption) will begin day after tomorrow," Khan said.

PTI had announced the rally in Islamabad to force Sharif to resign for a fair probe into the scandal.

According to the Panama Papers, three of Sharif's four children - Maryam, Hasan and Hussain were owners of offshore companies and "were owners or had the right to authorise transactions for several companies." Sharif and his family have dismissed the allegations of money laundering and denied any wrongdoing but the opposition is demanding an independent probe.