General Pervez Musharraf has reached an agreement with exiled opposition leader Benazir Bhutto under which he will resign as military chief in exchange for her party’s support for his re-election as president.

Speaking to the FT from London on Wednesday night, Ms Bhutto said: “This matter [of Gen Musharraf’s military position] has been satisfactorily resolved. This is now for the presidency [in Pakistan] to confirm.”