No losses of life or property reported in the incident.
The terrorists had attempted to hit a convoy of security forces, reports said.
A time device was used to detonate explosives planted on the roadside near Achini Chowk.
The bomb exploded after the security convoy passed safely from the area.
The law enforcement agencies personnel cordoned off the area after the incident and initiated investigation.
SSP Operations Peshawar talking to media said that the terrorists had attempted to target the convoy of the security forces.