During this time, several Arab countries such as Egypt, Tunisia, Algeria, and the Philippines, lodged a strong protest against Nasir of supporting the radical movements in their respected countries. Following the resignations of Prime Minister Sharif and President G.I. Khan on 18 July 1993, the caretaker Prime Minister M.A. Qureshi fired and sacked Nasir from the directorship of the ISI, and Acting President Wasim Sajjad approved his premature retirement from his military commission effective from on 13 May 1993— he only led the ISI for 13 months. Upon Nasir dismissal, the new DG ISI, J.A. Qazi eventually led the massive arrests of thousands of Arab Afghans and forced the al-Qaeda to relocate itself in Afghanistan permanently. Expulsion from Pakistan, many escaped to Bosnia to participate in the war. According to many political commentators and journalists, Nasir's firing from ISI was not at the behest of the United States but, it was the friendly Arab countries' protests and pressure at the Organisation of Islamic Cooperation (OIC) that resulted in his departure from ISI and the retirement from his 40-year long service with the military. After his premature retirement, Nasir became a missionary for a Tablighi Jamaat, and went to the private sector where he managed and chaired the private equity firm and hedge fund, the Evacuee Trust Property Board (ETPB), when he was appointed on 14 July 1997 for a two-year contract. In 1998, he was appointed as chairman of Sikh Gurdwara Prabandhak Committee, a pro-Sikhism organization in Pakistan promoting the religious activities of Sikhism. On October 1998, Prime Minister Sharif appointed him as his intelligence adviser but this appointment remained for short period of time. For sometime, he served on the security details as head of security for the Sharif family, but the PML(N)'s lawmakers and Sharif family cut off their links and distanced themselves from Nasir after the 9/11 terrorist attacks in the United States in 2001. In 2002–03, Nasir filed a lawsuit at the Anti Terrorism Court against the media corporations: the "Daily Jang", and the "News International", for character defamation when investigative articles published on him regarding monetary embezzlement when he managed the private hedge fund in Lahore. In 2008, he appeared on the Geo News and denied any allegations of terror-supporting that was levelled on him during his time as Director ISI, when interviewed by Iftikhar Ahmad. At this detailed and hour-long interview, he was of the view of 9/11 was an inside job, and maintained on his stance on the suppressing of the free-energy by the U.S. and Pakistan Government.