Reports reveal that the Prime Minister was convicted for 30 seconds and will not have to serve a jail term.
However, Article 63 of Pakistan constitution states that Gilani can be disqualified. He could have faced a jail term of 6 years if he was sentenced.
"Pakistan Supreme Court's Verdict is not fair, decision is not appropriate," said Prime Minister Gilani after he came out from the court.
The Pakistan Supreme Court has been asking the government to reopen the money laundering cases against President Asif Ali Zardari in Switzerland.
Gilani, however, refused to act on the same saying that the President has immunity within the country and abroad.
He decided to fight the case after appearing in the apex court twice.