NEW YORK (

TheStreet

) -- Libyan rebels who stormed Tripoli on Monday and seized wide-ranging control across the capital city, offered a $2 million bounty on Libyan leader Moammar Gadhafi's head.

The bounty came as the 42-year dictator continued to elude the rebel forces that overtook his empty compound on Tuesday.

The Libyan rebel flag soared above the Libyan Embassy in Pakistan on Thursday.

NATO operations assisted the rebels with intelligence and reconnaissance assets to try to track down Gadhafi, who told a local television station on Wednesday that he would fight "until victory or martyrdom,"

The Associated Press

reported.

"NATO does not target specific individuals," said Oana Lungescu, a NATO spokeswoman. "There are still threats and attacks across the country ... We continue to strike whenever and wherever necessary to complete our mission."

In Pakistan on Thursday, the Libyan Embassy raised the red, black and green rebel flag that brandished a white crescent and a star above its headquarters. The rebels are formally known as the Transitional National Council. Gadhafi's Libyan flag was solid green.

Also Thursday, four Italian journalists were freed in Libya after pro-Gadhafi forces kidnapped the reporters at gunpoint on Wednesday.

The journalists were captured as they drove through the city, and their Libyan driver was shot and killed in the car when troops stopped them.

"They shot the driver dead in front of us," reporter Claudio Monici of the Italian daily newspaper

Avvenire

told reporters. "We are fine, but our thoughts are with the driver who died. We have become close friends with him."

The journalists were freed in a raid on the house in which they were held, officials said, but they did not give details of who carried out the operation.

Shortly after the release of the four Italian reporters, Italian Prime Minister Silvio Berlusconi announced that he would unfreeze $505 million of Libyan assets.

Late Wednesday, three dozen journalists who had been kept inside the Rixos hotel in Tripoli for five days by government fighters were freed as the loyalists realized Gadhafi's rule was crumbling.

-- Written by Joe Deaux in New York.

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