The accident occurred when the bus was en route to Skardu from Rawalpindi by Karakoram Highway (KKH).
A resident said that those killed included women and children.
According to reports reaching Gilgit, the driver also died in the accident that occurred due to speeding.
Locals of the area on self-help basis immediately launched a rescue operation and pulled out the deceased and the injured and shifted the injured to nearby hospitals.
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