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As I board the plane that takes me home to Pakistan today, I carry with me a manuscript of a book I am writing that will be published shortly.

It is a treatise on the reconciliation of the values of Islam and the West and a prescription for a moderate and modern Islam that marginalizes religious extremists, returns the military from politics to their barracks, treats all citizens and especially women with full and equal rights, selects its leaders by free and fair elections, and provides for transparent, democratic governance that addresses the social and economic needs of the people as its highest priority.

To me, this is not just a book but a campaign manifesto, a guide to governing. If the people of Pakistan honour me again with an opportunity to lead, I fully intend to practise what I preach, to have my actions match my rhetoric and to make Pakistan a positive model for one billion Muslims around the world.

For 60 years, my nation has lurched between military dictatorships and democracy. The promise that is Pakistan has been stifled by political oppression and economic stagnation. For almost a decade, we have been ruled by a military dictatorship. For the past five years, we have been challenged by an international terrorism movement that seems, unfortunately, to have the tribal areas of Pakistan at its very epicentre. These are not ordinary times, and they require extraordinary solutions.

Over the past several months, I have negotiated with General Pervez Musharraf to simultaneously ensure a transition to democracy in Pakistan and to mobilize the moderate middle of our society to confront and contain fanatics and extremists. It has been a difficult process, made even more difficult by the resistance of many who now enjoy power in Pakistan to accepting a democratic alternative.

But the long discussions have borne some fruit. In September, Gen. Musharraf promised Pakistan's Supreme Court he would retire from the post of army chief before taking the oath of office for President for a new term. This month, the government of Pakistan announced a set of confidence-building measures codified initially in the Ordinance of National Reconciliation to pave the way for a legitimate and accountable Parliament.

It is not a perfect agreement, and it certainly is not an end to the process. But it is an important beginning to the transition to democracy, with the goal of bringing reform and political change without the chaos and bloodshed under which extremism and militancy thrive. In the next phase, more confidence-building measures are expected.

As I board the plane to Pakistan, I am fully aware that the supporters of the Taliban and al-Qaeda have publicly threatened my assassination.

Taliban leader Baitullah Mehsud has said his terrorists will "welcome" me on my return. Everyone understands the meaning of these comments. And I fully understand the men behind al-Qaeda. They have tried to assassinate me twice before. The Pakistan People's Party and I represent everything they fear the most - moderation, democracy, equality for women, information and technology. We represent the future of a modern Pakistan, a future that has no place in it for ignorance, intolerance and terrorism.

The forces of moderation and democracy must, and will, prevail against extremism and dictatorship. I will not be intimidated. I will step out on the tarmac in Karachi not to complete a journey, but to begin one. Despite the death threats, I will not acquiesce to tyranny, but lead the fight against it.

Ms. Bhutto, the former prime minister of Pakistan, returned to her native land today after eight years in exile.