According to the BBC, Pakistan has entered into an agreement with Taliban tribesman that amounts to a cease fire and a deal to turn over "foreigners."

Pakistan has signed a deal with pro-Taleban militants on the Afghan border aimed at ending years of unrest.

The North Waziristan accord calls on tribesmen to expel foreign militants and end cross-border attacks in return for a reduced military presence.

Tens of thousands of Pakistani troops are fighting foreign Islamic militants and their local supporters in the country's restive tribal belt.

Hundreds of people have been killed in violence in North Waziristan this year.

The BBC's Barbara Plett in Islamabad says some observers believe the deal offers the government an exit from a military strategy that has largely failed.

...

Under the accord, the Pakistani military promises to end major operations in the area.

It will pull most of its soldiers back to military camps, but will still operate border check-points.

Over the summer the military met other conditions, releasing a number of tribesmen in an apparent goodwill gesture to the militants and withdrawing soldiers from new check-posts.

Local Taleban supporters, in turn, have pledged not to harbour foreign militants, launch cross-border raids or attack Pakistani government troops or facilities.

Observers say meeting these conditions could be difficult, as the Taleban has support on both sides of the Pakistan-Afghan border.
The value of the agreement will depend in large part on whether the tribal leaders word is any good and what is meant by "harboring foreign militants." Does that mean they are going to turn over bin Laden and Zawahiri? Probably not.