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Originally posted by W4rl0rDBTW, what block levels are they?
F16's are too old imho. Its better if they buy a more modern design instead.
The recovery of cash almost to tune of $600 paid to the USA on account of purchase of F-16 planes was full of controversy.
Americans had not paid any mark up on the amount rather deducted rent for these planes kept in stores of the manufacturers.
Former Prime Ministers Benazir Bhutto and Nawaz Sharif tried to get the money back and at times it had become a political point scoring for both of them.
In December 1998 Nawaz Sharif aided by his Minister Ishaq Dar had successful negotiations with the then US President Bill Clinton to get the money back in shape of cash and import of soyabean and wheat.
According to official documents, Nawaz Sharif went to Washington and met Bill Clinton on December 2, 1998. Minister Ishaq Dar and the then Pakistan ambassador to the US, Riaz Khokhar, were also present in these negotiations.
Nawaz raised the issue of payment of outstanding amount on account of non-supply of F-16s. President Clinton admitted that it was not fair to block both the money and planes. He used his discretionary powers to return $324 million out of the remaining cash. However, Ishaq Dar after long negotiations convinced ClintonÕs financial team that the US should also make compensation to Islamabad in the shape of soyabean and wheat to the tune of $140 million.
Subsequently two countries signed an agreement for the purchase of wheat and soybean as a compensation to the loss Pakistan suffered on account of F-16s deal.