(AhlulBayt News Agency) - The statement, read on state TV on Friday, said it would act as the guarantor of reforms announced by the embattled President Hosni Mubarak.
The statement added that the army "will not arrest or peruse good citizens who demanded the amendments in constitution and the transformation of government."
It also pledged to lift the emergency law that has been in place since Mubarak came to power three decades ago, only under the condition that people end their mass protests.
The army claimed that it will respect people's demands and will hold free and fair elections. However, it failed to set a date for the vote.
The supreme council also vowed to resolve all complaints regarding recent parliamentary elections in Egypt.
This is while Mubarak has refused to step down and transferred some of his powers to Vice President Omar Suleiman.
Meanwhile, Egyptian protesters are reported to be furious at the military's effort to keep Mubarak in power.
The Human Rights Watch has slammed Egypt's military for defending Mubarak's "repressive regime."
Egypt's Foreign Minister Ahmed Abdoul Gheit has said that recent demonstrations against Mubarak's regime are the consequence of fraud in the parliamentary elections.
Pressure on Mubarak to relinquish power has been intensified with millions rallying across the country on Friday to topple his despotic regime.
Millions of pro-democracy protesters are expected to march to the presidential palace in Cairo in the eighteenth day of demonstrations.
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