PTI’s Rai Hasan Nawaz, who was elected into the National Assembly from NA-162 Sahiwal, had taken loan of Rs. 220 million from a bank in 1992 but did not repay the money.
The tribunal has ordered re-election in the constituency within 90 days.
Nawaz had emerged victorious from NA-146 Sahiwal after defeating Independent candidate Haji Ayub after securing 88,974 votes.
Ayub had challenged the result in an election tribunal.