Pakistani President Pervez Musharraf may step down, move to Saudi

Islamabad: Pakistani President Pervez Musharraf will address the nation Monday afternoon, Dawn News channel reported. Sources revealed to certain sections of media that President Musharraf may step down later and seek asylum in Saudi Arabia.

"President Musharraf will address the nation at 1 p.m." the channel quoted president's spokesman Rashid Qureshi as saying. Musharraf is facing impeachment pressure from the ruling coalition. The ruling alliance Sunday asked the embattled president to "pack his bag and go" immediately as the coalition readied itself to start impeachment proceedings next week if he refused to resign.