Pakistani President Pervez Musharraf on Monday said he would step down after nine years at the country's helm, citing a desire to avoid the instability that impeachment proceedings Parliament planned to bring against him would bring.
Musharraf, who came to power in a military coup in 1999, made the announcement in a speech carried on national television. A government coalition had planned to initiate impeachment proceeds this week.
Musharraf has been a key ally of the U.S. since the 2001 terrorist attacks on New York and Washington, D.C. and subsequent War on T error. Pakistan neighbors Afghanistan, where the U.S. has waged war against the Taliban and al-Qaeda terrorists responsible for the attacks.
It is unclear who will succeed Musharraf as president.
The Wall Street Journal
reported Monday that Asif Ali Zardari, widower of slain former Prime Minister Benazir Bhutto and head of the Pakistan People's Party, is one front runner.
This article was written by a staff member of TheStreet.com.