Nearly 350 hostages have been rescued at the end of a deadly standoff between Pakistan’s military and armed militants who hijacked a train in the southwestern Pakistani province of Balochistan, a security source told CNN Wednesday.

Terrorists in explosive vests have reportedly threatened Pakistan train passengers' lives if officials refuse to release imprisoned militants.

Dozens of people rescued from a train hijacked by separatist militants in southwest Pakistan arrived on Thursday in the city of Quetta, hours after security forces killed all 33 attackers to end a day-long standoff.