William Katz:  Urgent Agenda

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PAKISTAN TERROR - AT 3:26 P.M. ET:  An update to our 7:49 a.m. story about the latest terror attack in Pakistan:

March 30 (Bloomberg) -- The siege of a Pakistani police academy near Lahore ended with the death of four attackers and the arrest of three. Eight policemen were killed and 50 were injured in the attack, the military said.

Pakistani soldiers battled seven gunmen armed with automatic weapons and grenades who attacked the police building in Manawan and fought the security forces for more than seven hours, said a military spokesman, who asked not to be identified, in a phone interview from Rawalpindi, near the capital, Islamabad.

The Interior Ministry had earlier said 22 people had been killed in the assault, the second terrorist attack in the vicinity of the the eastern city this month.

COMMENT:  The numbers, as you can see by comparing our two stories, are all over the place.  There is a tremendous problem of inaccuracy in reporting the results of terror attacks in Pakistan.  The key point is that Islamists are now attacking regularly, in an unstable country that possesses nuclear weapons.

March 30, 2009