President Musharraf resigned from his post after about 9 years of rule. But he said this was not the time for more confrontation and he was resigning after consulting his advisers.
Mr Musharraf said that when he took over in a military coup in 1999, Pakistan was going to be declared a failed state and faced great economic challenges.
He said that "false allegations were made against me" by people who "tried to turn the truth into lies".
Dressed soberly in a dark suit and tie, he then started a long defence of the country's economic record, detailing the progress he said it had made under his rule.
He said the problems Pakistan faced could be solved if people worked together and believed in themselves.
Additionally KSE goes up 350 points up in 30 minutes showing what is coming up for the country.