Pakistan's presidential spokesman Rashid Qureshi Friday denied the allegation that President Pervez Musharraf would resign.

Local TV channel DAWN NEWS quoted Qureshi as saying that the reports of some foreign media about Musharraf's stepping down were "baseless".

The Financial Times, a United Kingdom-based newspaper, quoted an unidentified senior Pakistani government member as saying a deal had been brokered between Musharraf and the coalition government.

It said that Musharraf was set to resign as president once the coalition government provided immunity to him.

The ruling coalition announced on Aug. 7 that they would initiate the proceedings to impeach Musharraf on the ground that he had violated the Constitution and his policies had led to economic crisis in the country.

Qureshi earlier told local media that Musharraf would face the impeachment.

The coalition has been preparing a "charge sheet" against Musharraf. Local newspaper The Nation reported on Friday that the task committee set up by the two major coalition partners, Pakistan People's Party and Pakistan Muslim League-Nawaz, would meet on Friday to finalize the draft charge sheet.

(Xinhua News Agency August 15, 2008)