Accountability Judge Mohammad Bashir was slated to announce the verdict today, however, the ousted PM and his daughter had filed an application with a duty judge on Thursday, seeking a seven-day delay in the judgement in the wake of the health of Sharif's wife Kulsoom Nawaz, who is undergoing treatment for cancer in London.
On Friday the court also sentenced Maryam to seven years in prison. Nawaz's son-in-law Captain Safdar was sentenced to one year imprisonment in the case.
Addressing a hurriedly called press conference after the verdict, party president Shahbaz Sharif said he would "take all legal action possible so that justice may be served".
"No matter what the PML-N says, the decision is going to damage their vote bank", analyst Rifaat Hussain told AFP, adding that he thought it unlikely Sharif would return. The bureau registered the case on the basis of the Supreme Court's orders in its July 28 Panamagate verdict, which removed Sharif from the post of prime minister, reported Dawn. Sharif, who is in London, was sentenced in absentia.
The court also ordered the seizure of the Sharif family's four apartments at Avenfield House, a luxury building next to Hyde Park in London.
If Sharif returns he will be arrested on arrival under the law, though he could later be freed by a separate court pending appeal, Abbasi added. The National Accountability Bureau (NAB) court accused Sharif and his family of being unable to legitimately show the money trail for the purchase of several luxurious properties in London, mostly in the mid-1990s.
A Pakistani anti-graft tribunal has convicted the country's former Prime Minister Nawaz Sharif and sentenced him to 10 years in prison over corruption.
Sharif has faced - and come back from - similar challenges in the past. He denies drawing the monthly salary.
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The verdict marked a further fall for the PML-N supremo, who has been Pakistan's prime minister three times but never completed a term.
Sharif's political opponents hailed the verdict, saying it was the beginning of real "accountability of thieves".
Shehbaz said the actual verdict will be given on July 25 when the elections will be held.
The military, which has ruled the nuclear-armed country for nearly half of its history, denies involvement in civilian politics.
1999 - Overthrown in a military coup by General Pervez Musharraf, the country's fourth army takeover since independence in 1947. Both of them will be barred from contesting in the upcoming Pakistan general elections.
Sharif has a history of conflict with the military even though his political career was initially nurtured by military dictator Zia ul-Haq in the 1980s.
Khan is running on a socially conservative, anti-corruption platform.
Khan for his part greeted news of the verdict with jubilation at a campaign rally in the Swat valley in Pakistan's northwest.