WASHINGTON (Reuters) - The U.S. government said on Friday it had approved the sale to Pakistan of up to eight F-16 fighter jets built by Lockheed Martin Corp, radar and other equipment in a deal valued at $699 million.

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The Pentagon’s Defense Security Cooperation Agency, which oversees foreign arms sales, said it had notified lawmakers about the possible deal.

The agency said the F-16s would allow Pakistan’s Air Force to operate in all-weather environments and at night, while improving its self-defense capability and bolstering its ability to conduct counter-insurgency and counter-terrorism operations.

Lawmakers have 30 days to block the sale, although such action is rare since deals are well-vetted before any formal notification.

India said it was disappointed with the U.S. decision. “We disagree with their rationale that such arms transfers help to combat terrorism,” Vikas Swarup, a spokesman for India’s Foreign Ministry, said on Twitter.

Senate Foreign Relations Committee Chairman Bob Corker notified the Obama administration that he would not approve using U.S. funds to pay for the planes through the foreign military financing (FMF) program. That means Pakistan must fund the purchase itself, instead of relying on U.S. funds to cover about 46 percent of the cost.

Given the funds it has available, Pakistan may be able to buy only four of the F-16 Block 52 models, and the associated radar and electronic warfare equipment, said one U.S. source familiar with the situation.

Corker told Secretary of State John Kerry in a letter that he was concerned about Pakistan’s ties to the Haqqani network, a militant group that U.S. officials have said is behind attacks in Afghanistan.

“I may reconsider my blanket hold on U.S. FMF assistance should the Pakistanis make progress on addressing my significant concerns about their support for the Haqqani network, but for now, if they wish to purchase this military equipment, they will do so without a subsidy from the American taxpayer,” he wrote.

One U.S. official said the administration was convinced that F-16s were the right platform to support Pakistan’s counter-terrorism and counter-insurgency operations.

“These operations reduce the ability of militants to use Pakistani territory as a safe haven for terrorism and a base of support for the insurgency in Afghanistan, which is in the national interests of both Pakistan and the United States, and in the interest of the region more broadly,” the official said.

Lockheed referred questions about the deal to the U.S. government.