A spokesperson for Pakistan President Pervez Musharraf has dismissed reports of the president's resignation as 'baseless'.
There have been claims in Western media that the embattled leader will quit within days to avoid impeachment.
Several newspapers quoted aides, politicians and diplomats as saying that Mr Musharraf was about to step down following the coalition government's announcement last week that it would try to unseat him.
But officials have said that President Musharraf's aides are trying to secure a deal with the ruling coalition under which he could quit to avoid facing impeachment or criminal charges.
Mr Musharraf's spokesman Major General Rashid Qureshi criticised Western media reports but presidential allies and coalition officials both indicated that he was considering his resignation.
The coalition, led by the parties of former premiers Benazir Bhutto and Nawaz Sharif, is expected to launch proceedings on Monday to end the president's nine-year rule.
President Musharraf issued a plea yesterday, Pakistan's Independence Day, for reconciliation but it was snubbed by the coalition, led by the parties of slain former premier Benazir Bhutto and ex-prime minister Nawaz Sharif.
Pakistan's powerful army, the helm of which President Musharraf relinquished in November and the only institution which could back a move by him to dissolve parliament or declare an emergency, has kept silent on the issue.