Fifty nine prisoners were released from the district prison Malir in Karachi and 92 from the Nara prison in Hyderabad, officials said.
Out of the 151 people handed over to the Border Security Force at the Wagah border, 150 were fishermen and one was a prisoner in Karachi jail who inadvertently crossed into Pakistan from the Sindh border.
"After going through their papers they have been handed over to the Indian authorities," a Rangers official told PTI.
Talking to reporters fisherman Dapu Teja said he learnt bead work in jail.
"I get Rs 60 per every piece I make and I know how to make bracelets, anklets, necklaces and key chains with beads," he said.
Teja was on board a ship which allegedly crossed over into the Pakistani territory seven months ago.
He said there were seven people on the boat but only four were arrested by the Pakistan coastguards.
Another fisherman named Nanji Soma said: "I am an illiterate man good enough to catch fish only but my son will not be one. He is 10 years old now and goes to school. In my absence the fishermen community back home contributed for my poor family to keep sending him to school."
"Now I will go back and work again and also pay back my friends. I may get caught again as there are not clear boundaries marked in the sea to keep us from drifting into your country but it will not happen to my son," he said.
Sharif yesterday ordered the release of the 151 Indian prisoners and 57 boats, a day before his visit to India.
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