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Bush waives coup-related sanctions on Pakistan

WASHINGTON, Thursday (Reuters) U.S. President George W. Bush on Wednesday waived sanctions on Pakistan imposed after President Pervez Musharraf seized power in a 1999 bloodless coup, rewarding a key ally in the U.S.-led war on terrorism.

The waiver clears the way for Pakistan to receive hundreds of millions of dollars in direct U.S. economic aid. In a written statement, Bush said lifting the sanctions would facilitate the transition to democratic rule in Pakistan and was important to U.S. efforts to fight international terrorism.

Shunned by the international community for seizing power, Musharraf moved from near-pariah status to being courted by major world figures when he signed up to the U.S.-led war on terror in neighboring Afghanistan after the Sept. 11, 2001, attacks on New York and Washington.

The United States also imposed sanctions on Pakistan after it conducted nuclear tests in 1998 but most have been lifted.

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