Military sources today said 40 terrorists were killed overnight in the air strikes in North Waziristan, a key haven for Taliban and Al Qaeda elements.
The house of Rashid, a former air force technician sentenced to death for a 2003 attempt on the life of former dictator Pervez Musharraf, was targeted in the attacks.
Though some news channels reported Rashid was killed with some members of his family, military sources said this could not be confirmed.
"On the basis of confirmed intelligence reports about the presence of militants, their hideouts were targeted by air strikes last night in North Waziristan Agency," a military source said.
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The source claimed those killed included terrorists linked to attacks on a church and Qissa Khwani Bazar in Peshawar as well as a bombing within Bannu cantonment on Sunday that killed 26 troops.
"Scores of militants were injured in these strikes," the source said.
Unconfirmed reports said civilians too were killed in the air strikes. The casualties could not be independently verified as journalists are barred from the tribal belt.
The operation by air force jets took many by surprise. This was the first time the air force resorted to air strikes in North Waziristan since a ceasefire was finalised with local Taliban chiefs in 2007.