The President of Pakistan former general Musharraf resigned:
“Whether I win or lose the impeachment, the nation will lose,” he said, adding that he was not prepared to put the office of the presidency through the impeachment process.
It is very likely that Musharraf would have lost the impeachment procedure.
Until now Musharraf had promised to fight for his job, But behind the scene there were negotiation about giving him immunity if he steps down. The PML-N party of Nawaz Sharif was against granting immunity while the PPP party of Bhutto husband Asif Ali Zardari preferred this. Zardari, also named Mr. Ten-Percent for the bribes he took during the rule of his now deceased wife Benazir Bhutto, relies himself on a shaky immunity granted for his former deeds.
The current deal was furthered by the Saudi intelligence chief Muqrin bin Abdul Aziz who arrived in Islamabad two days ago. Nawaz Sharif is a Saudi client who spend his time as an exile in Saudi Arabia. He hates Musharraf who as a army chief overthrew the government when Nawaz was Prime Minister. To push him towards granting immunity now, the Saudis threatend to take away the $5 billion per year oil subsidies for Pakistan. That would have worsened the already very bad economic situation in Pakistan.
It is not clear who will follow Musharraf as president. It is rumored that the former chief justice Iftikhar Mohammad Choudhry who was kicked out by Musharraf and for who’s reinstatement Nawaz Sharif was fighting will be offered the job. That would keep him away from a position where he could lift the immunity of Musharraf and Zardari.
While the immediate situation will be again unruly the longer term prospects for Pakistan are certainly better without Musharraf.