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Fri 07 Jul 2008Musharraf resists resignation calls

Pakistani President Pervez Musharraf hit back at calls for his resignation today, saying he was needed to help political parties avoid an economic meltdown and tackle a militant threat gripping the country.

"We cannot address the problems of terrorism and extremism and the economic crisis if there is no political stability," Mr Musharraf told businessmen in Karachi in his first public address since his allies lost an election last February.

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