ISLAMABAD (Agencies) - President Pervez Musharraf said on Saturday that he has no immediate plan to resign or go into exile, in a bid to quash rising  speculation that he will quit office soon. "I am not tendering resignation now," he told a group of journalists in a briefing that was later broadcast by all TV news channels. However, with the government proposing sweeping changes in the constitution to curb his power, he indicated that he would not like to be reduced to a ceremonial head of state. "I will keep watching. I can't become a useless vegetable," he said. Musharraf said he was a 'constitutionally' elected president of the country and was performing his duties strictly according to the Constitution. "I'm not interfering in the affairs of the government. I want to say it emphatically." Musharraf said he would decide his future by keeping in mind whether he could deliver any good for the country. He also said he had sound relations with US President George Bush, but that would have little influence on whether he stayed in office or not. "My going or staying depends on Pakistan and me and nobody else," he said. "Someone reported that a plane has landed in Islamabad to take me out of Pakistan. But where is the plane?" he said. "Someone was saying that the forces have surrounded my house. Someone said that I will leave the country within 48 hours. But now ask those reporters about the credibility of their reports," he said while referring to reports in the media. "Stop and confront those who are spreading the rumors," Musharraf said. "I am an elected president of Pakistan under the Constitution. I will judge if I have any value in the country. I cannot preside over the downfall of Pakistan," he said. "Certainly I will not be part of the downfall of the country." Musharraf also rejected claims he was conspiring against the two-month-old coalition government. The US-backed leader also dismissed media reports that he may to go into exile. "I won't resign in the current situation. I will live and die here, there is no other way. I don't have any house outside Pakistan." Musharraf also dismissed claims by leaders of Sharif's Pakistan Muslim League-Nawaz party that the presidential palace was hatching 'conspiracy' against the coalition government. "I am performing my functions according to the Constitution. There is no interference from my side whatsoever. There is no conspiracy," he said. "My support will always be with the prime minister. May he succeed in steering the country out of the current crisis." Musharraf said rumours were damaging the country's economy and threatening foreign investment. When asked about the revelations made by nuclear scientist AQ Khan, Musharraf said that he was very disappointed with him. He even said that the sensitive issues like national securities and Kargil War must be kept confidential. Musharraf has repeatedly stated that former premier Nawaz Sharif was briefed on Kargil and that the operation was launched with his consent. But his words backfired when the President's former aide, Lt Gen (retd) Jamshed Gulzar Kiani admitted that Sharif was actually unaware about the whole operation. Responding to claims over Kiani's claims, Musharraf said, "I don't want to comment on my meeting with Lt-Gen (r) Kiani." On the sacked judges issue which became his nemesis, Musharraf said," I did not sack the judges; they refused to take oath under the PCO (Provisional Constitutional Order)." "The whole nation will accept the Parliament decision to reinstate the judges. I will also accept the decision," he said. Musharraf said he would continue to extend all the cooperation to the Prime Minister in running the affairs of the government and believes in conciliation. "I am totally committed wih the Prime Minister Yousuf Raza Gilani and I would not take any step against him," he added. Responding a query, the President said, 'I am not an imbalanced person that uses 58-2B." To another question, Musharraf said that if anybody wants his impeachment, a procedure for that purpose is laid down in the Constitution. "The Constitution has the modus operandi to impeach someone. The parliament is a supreme institution and all the decisions should be made there." He said the country is passing through a very difficult situation. He stressed immediate steps for the elimination of terrorism and economic crisis in the county, saying, the terrorism is the greatest threat facing the country. He denied the reports that there is any conspiracy being hatched at the President House, adding the President House does not want confrontation with anyone. The President defended his November 3 decisions regarding the judiciary and said that if the Parliament restored the deposed Judges, he would accept it. "If the parliament decides anything in this connection, I would accept whatever the decision is." Referring to the long march by the lawyers community, the President said it will be seen when it happens. He said the attitude of the ex-servicemen is in violation of the military discipline and the concerned authorities should look into it. About the statement of Dr AQ Khan, Musharraf said that it is false that he had given the statement under pressure. He said he will not speak any more on that matter in the national interest. Musharraf expressed hope that the system can make improvement, as Pakistan is very good and strong country. He said efforts should be made to improve the economic situation. Replying a question, he said he allowed Nawaz Sharif and Shahbaz Sharif to come into the country and phoned them at the demise of their father. Musharraf maintained everything was going very smoothly until June 2007, the problem started after that. He was of the view that the present economic recession in Pakistan has been caused by the surging world oil prices and political uncertainty.