The militants were identified as Asad, commonly known as Anus, along with Wahab.
The two were wanted for their involvement in terrorist activities in Malakand, Khyber-Pakhtunkhwa.
Security forces acted on a tip-off that the two militants had crossed over from neighbouring Afghanistan into the Swat Valley.
According to the military’s media wing, the terrorists were killed after their hideout was traced and an ensuing encounter took place.
Two facilitators were also apprehended in the operation.