World Bulletin / News Desk
A five-member bench led by Justice Asif Saeed Khosa also ordered that new cases be lodged against Sharif, his two sons, daughter and son-in-law.
The judges unanimously declared Sharif disqualified after a 273-day long hearing, which gripped the nation for more than a year.
The court also ordered the National Accountability Bureau, the country's anti-corruption authority, to file corruption cases against Sharif and his family within the next six weeks.
The judges declared Sharif disqualified after considering the report of a six-member joint investigation team, which was formed in April by the apex court to look into the scandal.
The team submitted its report in the court on July 10.
The investigators, including members of the country's two top spy agencies -- the Inter-Services Intelligence and the Military Intelligence -- had questioned Sharif’s children, his son-in-law, brother and the Chief Minister of Punjab province Shehbaz Sharif, as well as two close aides.
Last year, Sharif, who is serving as premier for a third term, was under immense pressure from the opposition and the media after the Panama Papers were leaked.
The papers revealed that his two sons -- Hassan Nawaz and Hussain Nawaz -- and daughter Maryam Nawaz owned offshore companies and properties worth millions of dollars, including luxurious apartments in London.