Pakistani President Pervez Musharraf on Monday announced his resignation in a televised speech to the nation.
"I decided to resign today, and I will send my resignation to the speaker of parliament house," Musharraf said.
"I have consulted all legal experts and my political supporters. With their advice. I have decided to quit," he said.
Musharraf took power in 1999 in a military coup.
Musharraf rejected allegations against him by the ruling coalition and said they are misleading the nation. 
Pakistani President Pervez Musharraf announces his resignation in a televised speech to the nation in the face of an impending impeachment motion by the ruling coalition government, Aug. 18, 2008. "Unfortunately some elements prefer personal interests to national interests. They leveled baseless allegations against me. They deceived the people," he said.

A man watches a televised speech of President Pervez Musharraf to the nation in Islamabad August 18, 2008. Musharraf announced his resignation on Monday in the face of an impending impeachment motion by the ruling coalition government. "They never thought that although they would succeed against me but they did not realize they will cause damage to the country," Musharraf said.
"I saved Pakistan. I preferred the nation and people and preferred the country's interests. I raised the slogan of Pakistan's first," Musharraf said.
Source:Xinhua