Islamabad, March 22 (IANS): Mid-term polls and an interim government in Pakistan cannot be ruled out, former president Pervez Musharraf has said adding that the elections will be held once the incumbent government completes three years.

Musharraf, while chairing an executive committee meeting of the All Pakistan Muslim League, announced that his party will "fully take part in local government elections", Geo News reported.

"The party is incomplete without reorganisation... however, it should be at grassroots if you want to bring it at country-wide level," Musharraf said.

The All Pakistan Muslim League political party was founded by Pervez Musharraf in 2010.

Musharraf warned that politics in Pakistan face major challenges. He said Pakistan progressed during his tenure as president -- from June, 2001 to August, 2008 -- due to fair distribution of resources.

Commenting on the need of a third political power in the country, the former president favoured the idea and said: "Pakistan needs a third political power."

He greeted Pakistan Tehreek-e-Insaf (PTI) leader Imran Khan for making efforts to emerge as a third political power.

"Change in government is to be made through change in system," Musharraf said.