The air strikes were carried out in the Doga Madakhel area of North Waziristan near the Afghan border, where the military has been mounting an offensive against militant strongholds since June.
The military said in a text message to journalists that "twenty terrorists were killed in precise aerial strikes in North Waziristan", without giving further details.
Two intelligence officials in the northwest told AFP the jets targeted hideouts of the Haqqani network and of local warlord Hafiz Gul Bahadur.
Afghan officials said the Haqqanis, who are aligned with the Afghan Taliban, were behind Sunday's horrific suicide blast at a volleyball match in the east of the country.
"The dead included seven fighters of Haqqanis while the rest belonged to Gul Bahadur," one intelligence official told AFP, requesting anonymity.
A second intelligence official confirmed that the target of Tuesday's airstrikes were the Haqqani network and fighters of Gul Bahadur.
The official told AFP that a local Haqqani commander was among the dead, but his identity had not yet been ascertained.
US officials have long urged Islamabad to do more to stop the Haqqanis using North Waziristan as a base to target Afghan and Nato troops across the border.
Many believe that Pakistan's security services see the Haqqanis as an "asset" and maintain close links with them, with one senior US official once describing them as a "veritable arm" of the country's spy agency.
It was not possible independently to verify the casualties as media are banned from the area.
The army says it has killed more than 1,100 militants and lost more than 100 soldiers since the start of the operation.
An AFP tally based on regular updates from the military puts the militant death toll at nearly 1,500, with 125 soldiers killed.
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No discrimination. Kill each and everyone who are taking innocent lives.
Kill any one having illegal sofisticated arm and ammunition in the entire country .
I believe this is the first article which mentions a specific targeted attack on the Haqqani - better late than never.
Great news. Get them all - the massacres they are responsible for on both sides of the border can never be justified under any circumstances. Whether by drones or jets, get them all.. there are no good apples amongst these extremists.