The retired general also said the Army should be given a constitutional role in the turbulent politics of the nuclear-armed nation, where the government is struggling to tackle rampant militancy and a crumbling economy.
Musharraf said current Army Chief Ashfaq Pervez Kayani could be forced to intervene against the President Asif Ali Zardari.
Following a reported crisis meeting this week between Kayani, Zardari and Prime Minister Yousuf Raza Gilani, Musharraf was asked at a debating forum in London last night whether he thought a new putsch was likely.
“Well, you see the photographs of the meeting with the President and the Prime Minister and I can assure you they were not discussing the weather,” he replied to debate host Christopher Meyer, ex-British ambassador to the United States.
“There was a serious discussion of some kind or other and certainly at this moment all kinds of pressures must be on this Army chief,” added Musharraf.
The 67-year-old former president said similar “pressures” in his first year as army chief had led him to launch the coup against then-prime minister Nawaz Sharif.
“In that one year Pakistan was going down and a number of people, including politicians, women, men came to me telling me ‘Why are you not acting? Are you going to act for Pakistan’s good?'” Musharraf told the Intelligence Squared debating forum.
Musharraf said the solution was to give the Army a constitutional role in governing the nation of 167 million people, which has spent more than half its existence since independence from Britain in 1947 under military rule.
“The situation in Pakistan can only be solved when the military has some role,” he said. “If you want stability, checks and balances in the democratic structure of Pakistan, the military ought to have some sort of role.”
Army Chief Kayani has previously been praised for keeping the military out of politics and focusing on the battle against Taliban and al Qaeda militants in Pakistan’s tribal areas bordering Afghanistan.
Musharraf reiterated that he would launch a new political party, the All Pakistan Muslim League, in London on Friday to contest the next elections in 2013 as a civilian, though his opponents have scoffed at the move.