He admitted for the first time that some of the decisions he took while in power had “negative'' repercussions and led to his downfall.
Addressing at the function, he promised to work for peace with India but made it conditional on a settlement of the Kashmir issue to the satisfaction of Pakistan.
“We stand for peace and reconciliation but with honour and dignity of Pakistan,'' he said.
On terrorism, he promised a policy of “zero tolerance'' saying his party would “fight it to the finish''.
Describing the current Pakistani administration as corrupt and inefficient, Mr. Musharraf said his decision to end his political exile was prompted by realisation that Pakistan was in a deep crisis and needed to be “saved''.
His party, he said, would “recreate the vision'' of Pakistan's founder Mohammad Ali Jinnah.