Pakistan seems to have failed to seal the $700 million deal for the purchase of eight F-16 fighter jets from the US following a row between the two countries over their financing, a media report said on Saturday.
The Pakistani government was required to provide the Letter of Acceptance for purchase of the jets by May 24, but Dawn News reported that the document was not issued leading to expiry of the offer.
“Pakistan decided not to fully fund the case with national funds, so the terms of sale have now expired,” a diplomatic source was quoted as saying by the daily. However, Pakistan’s Ambassador to US Jalil Abbas Jilani, told the daily that “a dead-end has not been reached as yet”. Read More