Nawaz Sharif has stepped down as the prime minister of Pakistan following the verdict of the Supreme Court, a PML-N spokesman told Geo News.
The federal cabinet has also been dissolved after Nawaz Sharif stepped down.
After the Supreme Court's order, the Election Commission of Pakistan has issued the notification disqualifying Nawaz Sharif from the National Assembly.
The Supreme Court of Pakistan on Friday disqualified Prime Minister Nawaz Sharif for failing to disclose his un-withdrawn receivables constituting assets from UAE-based Capital FZE in his nomination papers for the 2013 elections.
The court also ordered the National Accountability Bureau (NAB) to file a reference against Nawaz Sharif, his three children and others in an accountability court in six weeks, and directed for the trial to be wrapped up within six months.
Announcing their verdict in the Panama Papers case, all five judges ruled to send a reference against the premier, his three children and others to an accountability court.
The court ordered the National Accountability Bureau (NAB) to file a reference against the accused in an accountability court in six weeks and directed for the trial to be wrapped up within six months.
Prime Minister Nawaz Sharif chaired a meeting following the announcement of the apex court's verdict. According to reports, the appointment of a new premier can under discussion in the meeting.
Speaking at a news conference following the meeting, PML-N lawmaker Ahsan Iqbal quoted Nawaz Sharif as saying: "We will defend the mandate of the people of Pakistan."
Maryam Nawaz tweeted pictures of the meeting, saying the party stands united, more resolute and unfazed.