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thats good news in the streets after the announcement. currency and stock market went up leh.
ISLAMABAD, Pakistan (CNN) -- Pakistani President Pervez Musharraf announced his resignation Monday after weeks of pressure on him to relinquish power.
Musharraf told the nation in a televised address that he would step down -- nearly nine years after he seized power in a bloodless coup in 1999.
"I don't want the people of Pakistan to slide deeper and deeper into uncertainty," Musharraf said.
"For the interest of the nation, I have decided to resign as president," he said. "I am not asking for anything. I will let the people of Pakistan decide my future."
It is unclear what the future holds for Musharraf.
He quit just as the ruling party was taking steps to remove him in what would have been the first impeachment of a president in Pakistan's history.
Musharraf told the nation in a televised address that he would step down -- nearly nine years after he seized power in a bloodless coup in 1999.
"I don't want the people of Pakistan to slide deeper and deeper into uncertainty," Musharraf said.
"For the interest of the nation, I have decided to resign as president," he said. "I am not asking for anything. I will let the people of Pakistan decide my future."
It is unclear what the future holds for Musharraf.
He quit just as the ruling party was taking steps to remove him in what would have been the first impeachment of a president in Pakistan's history.