Bakhti Raj, a regional commander and financier of the Tehrik-e-Taliban Pakistan (TTP), was shot dead in the mountainous Buner district of the province.
The security forces and police conducted a joint search operation in Bajkata area and killed TTP commander Bakhti Raj after brief exchange of fire, said District police officer Khalid Mehmood Hamdani.
The search operation is still underway in the area, he said.
The law enforcement agencies in the wee hours of today had imposed a curfew after receiving information about the presence of terrorists in the area.
Pakistan military has intensified its 'Zarb-e-azab' operation launched in June last year in militants' stronghold of North Waziristan after the Peshawar school attack by Taliban militants killed 150 people, including 136 students.
Army claims that more than 1,600 militants have been killed in the operation.
