I think this is good way to start for the administration re Pakistan. While Pakistani establishment talks big they fold 99.99% of the time when given an ultimatum, so no need for major action such as travel moratorium, at least for now. They also know after the Abbottabad raids that we won't tolerate dishonesty beyond a point.
Economic restrictions such as conditional aid, tightly managed intelligence reporting including supply of gps coordinates, and continued action on terrorist camps are sufficient for now. However it will be in Pakistan's interest to demonstrate they have changed by acting against jihadis such as Hafees et al and the Haqqani gangsters etc. Finally, there is some good talent among Pakistanis diaspora that should not be wasted