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Khan attacked former prime minister Nawaz Sharif, saying what he told an accountability court on Friday was not a U-turn but a "lie".
In the by-elections, Sharif's PML-N managed not only to improve its position in the National Assembly by bagging four NA seats but also extended gains in the Punjab provincial assembly.
The outcome of the by-election will not impact the federal or provincial government but help reinvigorate the opposition parties.
Sharif has alleged that Shehbaz was arrested at the behest of Prime Minister Imran Khan. He said NAB's action against the Sharif family members is a political victimisation.
Imran Khan in the past had criticised former prime minister Nawaz Sharif for the lack of transparency and corruption in the CPEC projects.
Former Pakistan premiers Nawaz Sharif and Shahid Khaqan Abbasi appear before Lahore Court in treason case linked to Mumbai attack
The Lahore High Court also ordered Sharif, Abbasi and Almeida to submit written replies to the court by the next hearing.
Opposition Leader in National Assembly Shahbaz, 67, is the younger brother of ousted prime minister of Pakistan Nawaz Sharif.
A top Pakistani court last month suspended the jail sentences of Sharif, his daughter and son-in-law in the Avenfield corruption case, one of the three corruption cases.
On the orders of the Supreme Court, the National Accountability Bureau (NAB) had filed three corruption cases against the 68-year-old three-time former prime minister.
The sale of three buffaloes and five calves belonging to the PM house fetched a total of Rs 2,302,000 in an auction held in Islamabad.