Editor’s note: The following report is excerpted from the latest issue of Joseph Farah’s G2 Bulletin, the premium, online intelligence newsletter published by the founder of WND. Annual subscriptions have been slashed to just $99 a year and include a free copy of Farah’s latest book, “Taking America Back.” Monthly subscriptions are just $9.95.

Could al-Qaida ever take over Pakistan?

That is the nightmare scenario considered in the latest issue of Joseph Farah’s G2 Bulletin, the premium, online intelligence newsletter published by the founder of WND.

Asia Times and the Times of India both report today the Taliban and al-Qaida already have taken “virtual control” of the entire North Waziristan province of Pakistan and “declared” the establishment of an “Islamic state” in the area, gaining a major base for their operations against the U.S.-led forces in Afghanistan.

Osama bin Laden may be the most popular figure in the nation.

Just one man’s life is preventing bin Laden or his allies from getting their hands not on nuclear weapons, which they already have, but a large nuclear arsenal and the means to deliver it anywhere in the world, G2 Bulletin reports.

His name is Pervez Musharraf, the president of Pakistan.

If fair-and-square elections were held today in Pakistan, and bin Laden or someone like him were allowed to compete, there is little doubt the populace would be with such a leader, according to G2 Bulletin sources.

But they haven’t had fair-and-square elections in Pakistan for some time – and President Bush, who promotes “democracy” as the antidote to terror, better hope they don’t have one soon.

Pakistan not only has at least 40 nuclear warheads, according to most accounts, but it has some of the most sophisticated and feared delivery systems in the world.

Perhaps the biggest worry is the trio of French-built Agosta 90B stealth submarines, each capable of carrying 16 cruise missiles with nuclear payloads.

The Pakistani military is very proud of its subs – and well they should be. They are at the top of the class for French submarines. They were designed by the French company DCN, which, as incredible as it may sound, has licensed Pakistan to produce more at a commercial base.

The project was completed despite a suicide bomb attack that killed 11 of the project’s French engineers in front of their Karachi hotel in May 2002. The deal had to be approved by the U.S. government because the sub contains U.S. parts.

While the specs for the Agosta 90B subs say it is equipped to fire Exocet missiles and torpedoes, at a press briefing following the annual naval exercise Seaspark-2001, Rear Adm. Mohammad Afzal Tahir, the deputy chief of naval staff for operations, announced that the Pakistan navy was considering equipping its submarines with nuclear missiles. He suggested the Agosta 90B submarine, with its air independent propulsion system, can deliver nuclear weapons.

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