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Rajiv Gandhi regarded Pakistan as 'strategic buffer' against USSR: Report

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It wasn't any peace deal , Pakistani General was just unable to bear Banna Singh sitting atop their Quaid Top.Was he ready to convert LoC into IB ?? NO , then what was he bringing to table ?? Just what was already decided in Shimla agreement. LoC had to run Northward not Northeastward .

Well, the full contours of the proposed deal is not known, there was the general idea of putting Kashmir on the back burner. The line on Siachen I think was going to run along the base of the Saltoro ridge which would still be North/North westward. That was in any case repudiated by the Pakistanis, so of no real relevance except as a footnote. There is little chance now that any Indian leader would agree to that proposition.
 
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