Pak to reduce size of army by 50,000

Islamabad: Pakistan will reduce the size of its army by 50,000 men to save money but the downsizing will not affect its "fighting potential," the military said on Wednesday. Top military commanders, including president general Pervez Musharraf, were briefed on the plan on Tuesday, a statement said. Pakistan has an army of over 500,000 troops and spends about 20 per cent of its annual $14 billion budget on defence. — AP