Pakistan President Pervez Musharraf resigned on Monday, bringing down the curtain on nine turbulent years of US-backed rule to avoid the first impeachment in the nuclear-armed nation's history. The former army chief, who seized power in a 1999 coup, announced the move in a lengthy televised address. He rejected the charges against him but said he wanted to spare Pakistan a damaging battle with the ruling coalition."After viewing the situation and consulting legal advisers and political allies, with their advice I have decided to resign," Musharraf, wearing a sober suit and tie, said near the end of his one-hour address. "I leave my future in the hands of the people."
Celebrations erupted across the country after Musharraf bowed out, yet it was far from certain what would come next for a nation whose role in the "war on terror" has been increasingly questioned by the US.
The White House said US President George W. Bush thanked Musharraf for his commitment against extremism and said he would keep working with Pakistan's government.
Musharraf's decision to quit came after the coalition said it was ready to proceed with impeachment as early as Tuesday on charges that reportedly included violating the Constitution. It was not known if he had concluded a deal that would save him from either going into exile or from facing prosecution in the days ahead. The coalition made no comment on his fate.
Coalition leaders Asif Ali Zardari, the widower of slain ex-Premier Benazir Bhutto, and Nawaz Sharif, who was ousted by Musharraf in 1999, were shown shaking hands and smiling after his speech but gave no immediate reaction.
Pakistani Prime Minister Yousuf Gilani said it was a "historic day." "Today we have buried dictatorship for ever," Gilani said in a special sitting of Parliament. Pakistani stocks jumped more than 4 percent on the news of Musharraf's resignation.
But Musharraf, 65, appealed for reconciliation after his departure. "If we continue with the politics of confrontation, we will not save the country," he said. "People will never pardon this government if they fail to do so."
Several close aides said Musharraf was not set to go into exile as several of Pakistan's former leaders have done. "He is not going anywhere," one aide said.
Senate chairman Mohammedmian Soomro will act as caretaker president until an election, expected within weeks.