From the President's meeting with President Musharraf
Pakistan and the United States are working together closely on
common challenges. Both countries are threatened by global terror and
are determined to defeat it. Pakistan's support was essential in the
campaign against the Taliban in Afghanistan.
As part of the Global War on Terrorism, Pakistan has
apprehended more than 500 Al Qaeda and Taliban terrorists.
The United States has cancelled $1 billion of debt owed by
Pakistan.
The Administration will work with Congress to provide $3
billion in development and security assistance to Pakistan over five
years, in annual installments of $600 million.
In addition, the Administration has requested $120 million in
FY 2004 for Pakistan in development assistance, health, law
enforcement, and other programs.
A Trade and Investment Framework Agreement will be concluded to
create a formal structure that will expand our bilateral economic
partnership and promote investment.