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Saeed is the founder of terrorist organisation Lashkar-e-Taiba.
The 71-year-old radical cleric had already been convicted for 36 years imprisonment in five similar terror financing cases.
The 66 hours between November 26 and November 29 saw one of India's worst terror attacks as at least 10 terrorists ran rampage in Mumbai's landmark areas.
Over a decade after the ghastly terror attack, Pakistan is yet to punish the mastermind behind the attack, Hafiz Muhammad Saeed, and his accomplices.
Saeed, a UN designated terrorist whom the US has placed a $10 million bounty on, was arrested on July 17 last year in the terror financing cases.
Seeking to wriggle out of the FATF's grey list, Pakistan on Friday imposed tough financial sanctions on 88 banned terror groups and their leaders, including Hafiz Saeed, Masood Azhar and Ibrahim
A court official confirmed to PTI that Saeed was sentenced in two terror financing cases in Punjab province.
India and Afghanistan accused Pakistan of providing safe haven to the Afghan Taliban, Haqqani network and other militant groups, which carry out attacks in the two countries.
Hafiz Saeed, the mastermind of the 26/11 Mumbai terror attack in which more than 160 died in 2008, was indicted on Wednesday by an anti-terrorism court in Lahore.
Pakistan was placed on the grey list by the Paris-based watchdog in June last year and was given a plan of action to complete it by October 2019, or face the risk of being placed on the black list with Iran and North Korea.