While addressing an emergency Cabinet meeting here, Sharif, 67, termed the Joint Investigation Team (JIT) report a pack of "allegations and speculations", Dawn Online reported.
Pointing to the opposition parties who have been demanding his resignation following the release of the report, Sharif said: "The people of Pakistan have elected me and only they can remove me from this post."
Sharif claimed that his family "earned nothing after entering politics, but lost a lot".
"Those demanding my resignation on false and unwarranted claims should first look at themselves," Sharif said and announced that that he would not resign on demands of conspirers.
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According to the paper, the Cabinet members suggested that Sharif must fight the legal battle to vindicate himself in the Panama Papers case.
The six-member JIT that probed the Sharif family's business dealings in its 10-volume report submitted to the apex court on July 10 recommended that a corruption case should be filed against Sharif and his sons Hassan Nawaz and Hussain Nawaz, as well as daughter Maryam Nawaz, under the National Accountability Bureau (NAB) ordinance 1999.
All major opposition political parties have asked him to step down and stay away from power until his name was cleared.
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