However, the news of the release could not be independently confirmed.
Moeed Pirzada had been arrested in UAE along with his sister, when he had gone to the Arabian Peninsula nation to visit his ailing father.
Sources had earlier told ARY News that Mr. Pirzada had been arrested on charges of property fraud. He was found forging property documents. His arrest had been confirmed by the Foreign Office.
“Moeed was arrested on August 4, he did speak to Pakistani Embassy before his arrest,” FO spokesman Qazi Khalilullah had said.