Musharraf resigned!

Image via Wikipedia So, at last, Pakistan President Pervez Musharraf resigned just minutes after his televised speech.
It was reported in Yahoo! at 2.03 PM today-just an hour ago.

He is expected to settle down in Saudi Arabia but it may be a rumor. His nine years of power has ended as demands overs resignation have been on the raise locally.

I don't know what will be the implications on the India political scene but in Pakistan, Karachi witnessed people dancing on the streets in celebration.
The Pakistan stock market reported an uptrend.

"In the best interest of the nation and to avoid any confrontation I today announce my resignation," said an apparently disturbed Musharraf, making the address that was telecast live from the Army House - from where he ruled the country for eight years, ten months and six days after overthrowing the elected government of prime minister Nawaz Sharif in October 1999.

Source: Yahoo!