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The Latest: Pakistan high court disqualifies PM from serving

The Latest on developments in Pakistan (all times local):

12:25 p.m.

Pakistan's Supreme Court has disqualified Prime Minister Nawaz Sharif from serving because of allegations of corruption.

Friday's decision by a five-judge panel of the court was not surprising as many legal experts and opposition leaders were expecting punitive measures against Sharif and his family.

It is not the first time the judiciary has ordered dismissal of the elected prime minister. In 2012, the court convicted the then-Premier Yusuf Raza Gilani in a contempt case, forcing him to step down.

The current case against Sharif and his family dates back to 2016, when documents leaked from a Panama-based law firm indicated that Sharif's sons owned several offshore companies.

Sharif's son Hussain Nawaz at the time acknowledged owning offshore companies but insisted they used legal money to set up businesses abroad.

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9:40 a.m.

Pakistan's Supreme Court is set to announce its much-awaited decision on the political fate of beleaguered Prime Minister Nawaz Sharif after weighing whether adequate evidence existed to dismiss him from office on allegations of corruption against his family.

Fawad Chaudhry, a lawyer for petitioner Imran Khan, said Friday they will accept any decision by the court.

Sharif has been under pressure to resign since 2016 when leaked documents from a Panama-based law firm disclosed his family's offshore accounts. In April, the court acting on petitions from the opposition set up a six-member team to probe the allegations.

The investigation concluded a "significant disparity" existed between Sharif family's declared wealth and its known sources of income.

Under Pakistani law, the Supreme Court has the authority to dismiss the prime minister.