December 1, 1998

Presidential Determination No. 99-7

                               THE WHITE HOUSE

                        Office of the Press Secretary
  For Immediate Release                                          December
  1, 1998


                              December 1, 1998


                                     Presidential Determination
                                     No.        99-7


  MEMORANDUM FOR THE SECRETARY OF STATE

  SUBJECT:       Pakistan and India


  Pursuant to the authority vested in me as President of the United States,
  including under section 902 of the India-Pakistan Relief Act of 1998
  (Public Law 105-277), to the extent provided in that section, I hereby
  waive until October 21, 1999, the sanctions and prohi-bitions contained
  in section 101 and 102 of the Arms Export Control Act, section 620E(e) of
  the Foreign Assistance Act of 1961, and section 2(b)(4) of the
  Export-Import Bank Act of 1945, insofar as such sanctions and
  prohibitions would other-wise apply to activities of the Export-Import
  Bank, the Overseas Private Investment Corporation, and the Trade and
  Development Agency with respect to Pakistan and India; assistance to
  Pakistan and India under the "International Military Education and
  Training" program; the making of any loan or the providing of any credit
  to the Government of India or the Government of Pakistan by any U.S.
  bank; and the extension of any loan or financial or technical assistance
  to Pakistan by any inter-national financial institution in support of the
  assistance program that Pakistan is negotiating with the International
  Monetary Fund.

  You are hereby authorized and directed to report this determination to
  the Congress and to arrange for its publication in the Federal Register.



                                     WILLIAM J. CLINTON



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