From the BBC:

The provincial government in north-west Pakistan has agreed to pull troops out of a valley under a peace agreement signed with pro-Taleban militants.

The authorities say they will also allow the militants to impose Sharia law in Swat in return for promises to close training camps and end attacks.

The deal is the first since a new government came to power promising to negotiate to end violence in the area.

Nato and the US say such deals have helped al Qaeda and the Taleban.

Sounds like "peace" on the militants' terms. For those interested in Afghanistan, this bears watching.

Here's another BBC story where Pakistan's army claims success in battling Taliban militants in South Waziristan.