Musharraf concedes defeat

Last Modified: 19 Feb 2008
By: Kylie Morris

It's all change in Pakistan

Thousands of opposition supporters have been celebrating on the streets of Islamabad this morning after the party led by President Pervez Musharraf conceded defeat in the country's parliamentary elections.

Although the last votes are still being counted, no individual party is expected to claim an overall majority in the National Assembly.

It's likely that the two main opposition parties - the Pakistan People's Party of the late Benazir Bhutto and supporters of the former prime minister, Nawaz Sharif - will form an alliance.

President Musharraf has said he is prepared to accept the results and work with any party to build a democracy.

Our correspondent, Kylie Morris, is in Islamabad.