"We are willing to return the captured Indian pilot if it leads to de-escalation", he was quoted as saying.
"The potential risks associated with further military action by either side are unacceptably high for both countries, their neighbours, and the worldwide community", said a White House National Security Council told Bloomberg.
The Indian airstrike came after a deadly attack by Jaish-e-Mohammad on the Indian paramilitary police force in Kashmir earlier this month.
Pakistan says it shot down 2 Indian warplanes
But Pakistan says the bombs did not cause any casualties and threatened a response to what they perceived as Indian aggression. Pakistan has therefore, taken strikes at non military target, avoiding human loss and collateral damage.
Imran Khan, the prime minister, told parliament that Wing Commander Abhinandan Varthaman would be returned to India today after his aircraft was shot down in a dogfight with Pakistani jets over the line of control in Kashmir on Wednesday. Saudi Arabia's ambassador to India met Prime Minister Narendra Modi early Thursday.
The ties between the two Asian neighbors have grown strained following the February 14 suicide attack on the Indian police in the Indian-controlled Kashmir which killed over 40 policemen.
Pakistani media welcomed Trump's comments and talked about the need for a greater USA role in the region to defuse the situation because of its good relations with India. India, meanwhile, probably has between 130-140 nuclear warheads and is modernizing its capabilities, keeping a cautious eye on China, in addition to its traditional nemesis, Pakistan.
Taking to their Facebook page, the Malaysian High Commission in the Pakistani capital of Islamabad has said that the security situation in the border area between the two countries is tense.
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It said nearly half of companies surveyed believe Chinese policies are enforced differently against them and local rivals. He said if progress is made, he will meet Chinese President Xi Jinping at his Florida resort to finalize an agreement.
Its armed forces are three times the size of Pakistan's.
U.S. Secretary of State Mike Pompeo said in a statement he had spoken separately with the foreign ministers of India and Pakistan and urged them to "prioritise direct communication and avoid further military activity". Islamabad denounced the strike and had vowed to retaliate.
India's Ministry of External Affairs said late Wednesday that it "strongly objected to Pakistan's vulgar display of an injured personnel of the Indian Air Force", and that it expects his immediate and safe return. Now that the Pakistani PM has assured that they will be releasing Abhinandan, the hashtag has turned to #WelcomeBackAbhinandan.
Images then circulated of his capture were both condemned for what appeared to be a physical attack at the hands of residents in Pakistan-controlled Kashmir, and praised for the actions of the Pakistani soldiers who intervened to create a barrier.
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Elliott said the goal is to have 30 to 50 health teams set up, each responsible for up to 300,000 people. The government introduced the legislation at Queen's Park Tuesday afternoon.
"We do not want to go towards war", Pakistan's military spokesman Major General Asif Ghafoor told a press conference Wednesday. That year also saw an Indian fighter jet shoot down a Pakistani naval aircraft, killing all 16 on board.