The Pakistani-born U.S. citizen accused of trying to set off a car bomb in Times Square is set to face arraignment in a New York court on Monday.

Faisal Shazad will enter a plea to the 10 counts of terrorism and weapons charges against him for the attempted attack that fizzled when he tried to set off a car bomb in the heart of the Big Apple on May 1.

The most serious counts include the mandatory sentence of life imprisonment.

The attempted attack is the latest piece of evidence that U.S. efforts to fight terrorism in Pakistan are not working, according to a recent study by the Rand Corporation.

The study concluded that despite billions of dollars the U.S. has spent in Pakistan, there is still a rising number of terrorist operations being made against the U.S. that have been traced back to the country.

The report suggests withholding more aid to the Muslim country until there is 'discernible progress' in cutting government ties to terrorist groups.