An anti-terrorism court in Lahore will announce its verdicts in two terror financing cases against Hafiz Saeed, head of the proscribed outfit Jamaatud Dawa (JuD), on Saturday.

Judge Arshad Bhutta reserved the verdicts in both the cases on Thursday.

The court had indicted the JuD chief and three of his associates, Hafiz Abdul Salam bin Mohammad, Mohammad Ashraf and Prof Zafar Iqbal, on terror financing charges on December 11 last year in a case filed by the Counter Terrorism Department.

Hafiz Saeed and Prof Zafar Iqbal were later indicted in a similar case on December 20.

The state was represented by Deputy Prosecutor General Abdul Rauf Wattoo and the statements of 23 witnesses were recorded during the proceedings.

According to Wattoo, the JuD chief ran militant charities and collected illegal funds.

On July 3 last year, 13 top leaders of the banned outfit, including its chief Hafiz Saeed and Naib Emir Abdul Rehman Makki, were booked in nearly two dozen cases of terror financing and money laundering under the Anti-Terrorism Act, 1997.

Saeed was later arrested by the CTD on July 17 while he was travelling between Gujranwala and Lahore.