NEW YORK - EXILED former Pakistani President Pervez Musharraf, who plans to return home and head a new political party, on Tuesday brought the case for his political revival to some of the most influential figures in US foreign policy.

Mr Musharraf told the Council on Foreign Relations in New York he believed he had 'an even chance' of returning to political power in his country's 2013 general election and would seek to attract support of those who do not normally vote.

The former military chief, who came to power in a bloodless military coup in 1999, announced last month in London that he had created a new party, the All Pakistan Muslim League. He has lived in self-imposed exile since he stepped down under threat of impeachment in 2008.

Pakistan was facing a leadership crisis and 'no political party (there) today can handle the situation,' he said.

'Even getting 25 per cent of the non-voters out could break (Pakistan) away from the politics of dynastic rule that brings the country down,' he said in a clear reference to the administration of President Asif Ali Zardari, the widower of assassinated former Prime Minister Benazir Bhutto.

In his announcement in London, Mr Musharraf apologised for 'wrong decisions' made as president. He became embroiled in a fight with the judiciary and imposed a state of emergency in 2007. Mr Musharraf stopped short of calling for another military takeover of Islamabad, but indicated that he understood why Pakistanis considered it an option.

Musharraf outlines strategy