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U.S., Pakistan hope for resolution soon to F-16 issue

December 3, 1998 (by Lieven Dewitte) - The United States and Pakistan said Friday they hoped for an "early and fair" agreement on how to compensate Islamabad for its aborted purchase of U.S. F-16 fighters.
At their meeting Wednesday, President Clinton briefed Pakistani Prime Minister Nawaz Sharif on U.S. efforts to compensate Pakistan for the $658million it paid for 28 F-16s -- which it never received due to U.S. sanctions imposed in 1990 because of Pakistan's nuclear weapons program.

U.S. officials said the United States has already paid $157 million of this back to Islamabad, raising the money by selling aircraft components to other countries. New Zealand Tuesday agreed to pay some $105 million over 10 years to lease the fighters, providing additional funds that could be used to give Pakistan some of its money back.