By Ahmar Mustikhan, American Reporter Correspondent
July 1, 2008
Pakistan joined the World Bank in July of 1950 and by 1954 was a member of U.S.-lead aggressive military pacts called SEATO (South East Asian Treaty Organization) and CENTO (Central Treaty Organization) in the name of fighting the global communist threat. It was around this time Islamabad began purchasing huge arms caches from the United States. Today, Pakistan owes the World Bank $10 billion, a sum that, not astonishingly, is equal to that of its arms purchases from the U.S.