The court's verdict was in response to petitions that challenged the Elections Act 2017, which was bulldozed through the Upper and Lower Houses previous year, paving the way for Sharif to become the head of the ruling PML-N party.
The former Prime Minister asserted his family would remain steadfast in the pursuit of its mission despite the use of underhand tactics by opponents, Geo News reported.
The Supreme Court, on Wednesday reserved judgement in the Election Act 2017 which paved the way for former prime minister Nawaz Sharif to become party head of the Pakistan Muslim League-Nawaz (PML-N) prior to disqualification.
A batch of petitions challenged the act in the Supreme Court.
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Referring to Prime Minister Shahid Khaqan Abbasis speech in Parliament on Monday, in which he criticised the judiciary for "insulting" elected officials, Justice Nisar said that the judiciary had never called any politician a "thief". The court also annulled all decisions made by Nawaz Sharif as the party head.
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Following the Supreme Court's today verdict, all decisions taken by Nawaz Sharif as the PML-N President stand null and void including the tickets issued by him for the Senate Elections scheduled on March 3, making it most likely that the polls will be delayed.
The Panamagate case, officially titled Imran Khan Niazi v. Mian Muhammad Nawaz Sharif, was heard between 1 November 2016 and 23 February 2017. According to media reports, the PML-N candidates can contest election as independents, as the party's electoral symbols cannot be allotted to them.
Various hashtags started trending on Wednesday evening with Twitteratis taking to the microblogging website to vent their political outbursts in the aftermath of the SC's verdict regarding the Election Act of 2017.
Under the old law, a person disqualified from holding a public office was also barred from leading a political party but the bar was removed by the parliament when it passed Elections Act 2017.
Sharif was the 15th prime minister in Pakistan's 70-year history - roughly half of it under military rule - to be ousted before completing a full term.