Pakistani President Pervez Musharraf gestures during a ceremony in Karachi, Pakistan on Sunday, July 6, 2008.
Pakistan's ruling coalition is moving to impeach President Pervez Musharraf, officials confirmed Thursday.
The decision was announced following two days of talks between the Pakistan People's Party (PPP) and the PML-N.
The PPP's Asif Ali Zardari said Thursday that the decision was "good news for democracy" in Pakistan.
According to Pakistan's constitution, a ruling president could be ousted if an impeachment motion is passed with a two-thirds majority support of lawmakers in both houses of Parliament.
Musharraf, a strong U.S. ally, ruled Pakistan for eight years but his allies lost power last February following parliamentary elections.
They were defeated by the PPP, once led by slain former prime minister Benazir Bhutto, and the PML-N.
The two parties joined together in March and have since been debating Musharraf's future and how to reinstate judges he had removed.
On Wednesday, the Foreign Ministry said Musharraf's trip to Beijing for the Olympics had been cancelled but then issued another statement saying it was on again.
However, the ministry said Thursday that Pakistani Prime Minister Yousaf Raza Gilani will attend opening ceremonies instead of Musharraf.
Musharraf does have the power to dissolve parliament but, because of his unpopularity, such a move would be highly controversial.
One down... one to go.