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Ironically though the Sharif administration is not entirely in favour of an operation. Some of the complexities include the fact that Khyber Pakhtunkhwa is governed by PTI which disagrees with a military operation entirely.
Currently there is a shaky ceasefire between the govt and the TTP. However a new splinter group called Aharar-ul-Hind, forked off from the TTP and carried out a daring attack on a court in Islamabad a few days back [2].
Interestingly enough, the new TTP chief Maulana Fazlullah is supposedly based in Afghanistan, and there is a worrying, ironic prospect of TTP raids from Afghanistan into Pakistan after NATO withdrawal.
1. http://edition.cnn.com/2014/02/25/world/asia/pakistan-airstr... 2. http://www.geo.tv/article-139849-TTP-splinter-faction-Ahrar-...