The outlawed Tehrik-e-Taliban Pakistan (TTP)'s political shura or council met in the tribal belt to deliberate on the government's demand for a truce to take forward a controversial and fragile peace process.
The shura decided in principle to announce a ceasefire in the next 24 hours, TV news channels quoted their sources as saying.
The Taliban demanded the army's withdrawal from the lawless North Waziristan tribal region, Geo News reported. They also said non-combatants, including women and children, who are allegedly in the custody of security forces, should be freed.
Journalist Irfan Siddiqui, head of the government panel for talks with the Taliban, called on Prime Minister Nawaz Sharif and briefed him on the latest developments, state-run media reported without giving details.
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Interior Minister Chaudhry Nisar Ali Khan was present at the meeting.
The TTP shura includes its deputy chief Qari Shakil Ahmed Haqqani, TTP spokesman Azam Tariq, Amir Islam, Commander Ahmed, Anwar Gandapuri, Quetta division leader Pir Sahab, Maulana Abdullah and Commander Pashtun.
However, there is growing scepticism that the process will produce a lasting solution, with observers pointing out that the Taliban have reneged on all past peace deals.
The Taliban have carried out several terrorist attacks even after joining the peace process.
State negotiators had earlier this week made it clear that further attacks would not be tolerated. They said that if attacks continued, "it would become difficult to continue the dialogue process".