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His announcement, which comes a day before the verdict in the high-profile case, stunned his supporters and the ruling Pakistan Muslim League-Nawaz (PML-N) party.
Khan expressed serious disappointment over the way he was kept away from Sharif by his rivals.
“I have decided to resign from the cabinet and Parliament after the (Panama) decision, whether it is in favour of the prime minister or against him,” he told reporters. Khan, who has 33 years of association with Sharif, did not target the prime minister but criticised some of the party leaders who have been speaking against him (Khan) in presence of Sharif with an objective to create differences.
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Khan, known as a hardcore ideologue within the party, rejected the impression that he may join a new party, saying he can not even think of joining any other political outfit.
Speaking on civil-military relations, Khan said he had “never compromised on civilian supremacy” even though he had strong ties with the military.
“Ask any military or intelligence leader if I have ever attempted to undermine the government for political gain,” said Khan whose grandfather, father, elder brother, nephews and several other relatives have been in army.
He said that he always supported civilian supremacy over armed forces and occasionally ran into troubles for criticising senior generals.
He also ruled out speculation that he was hoping to become the prime minister in case Sharif was disqualified. “I am not in this race,” Khan said.
Khan, respected for his outspokenness, puts Sharif in an awkward situation at a time when he is passing through the toughest time of his political career.
Sharif critics are using the press conference to portray that demise of PML-N had started even before the court verdict.
“It shows the internal rift in the party,” said Skeikh Rashid Ahmad, a former associate of Sharif and now his fierce critic.
Earlier, Sharif’s younger brother and Punjab Chief Minister Shehbaz Sharif met Khan for the second time today in as many days to win him back but failed.
A six-member joint investigation team (JIT) set up by the court to investigate the charges the 67-year-old Sharif and his family submitted its report to the court on July 10. It has said the lifestyle of Sharif and his children were beyond their known sources of income, and recommended filing of a new corruption case against them.