The daily quoted Foreign Minister Khursheed Mehmood Kasuri as saying that the US decision to give nuclear technology to India - which like Pakistan has a military nuclear programme - would encourage other nations to follow suit.
"The whole Nuclear Non-Proliferation Treaty will unravel. It's only a matter of time before other countries will act in the same way," Kasuri told the Financial Times in an interview.
"Nuclear weapons are the currency of power and many countries would like to use it. Once this goes through, the NPT will be finished. It's not just Iran and North Korea. Brazil, Argentina and Pakistan will think differently," he said.
Washington has refused to extend the same co-operation to Pakistan, with Bush saying the two countries have "different needs and different histories."
Analysts say that the growing US-India strategic ties could encourage Pakistan to seek a similar relationship with traditional ally China.
"The US should be conscious of the sentiments of this country. Public opinion sees things in black and white.
They compare the US to China and feel it has not been a constant friend the way China has," Kasuri said.
Kasuri said the United States should not be treating the two countries differently.
"We demand equality of treatment and we will continue to pursue it. We have a large population and a fast-growing economy. If the Indian deal goes through, there are some things we will do," he said, without elaborating.