Insurgency as a concept has evoked immense interest in modern day conflicts. Ranging from guerilla warfare to asymmetric violence and challenging the writ of the state for political motives, insurgency still remains an ambiguous phenomenon. In this regard, South Asia is viewed as a ‘breeding ground’ for the prominent insurgent movements; may it be the Maoists in India or Taliban in Pakistan. Nonetheless, such ‘uprising’ and armed resistance usually have both common and divergent denominators. On the other hand, it also brings into the fore the politics behind classification of armed conflicts specifically where the Taliban in Pakistan are concerned. In essence, both Maoists and Taliban are using violence against the state for achieving their goals and are observed to exploit the economic deprivations and ideological motivations as tools to mobilize the masses against their respective governments and existing state statute. In this regard, the study endeavors to evaluate the patterns of socio- economic grievances as well as political motives and gains insurgent movements are striving to exploit and obtain. The central argument rests on the notion that, sustainable strategies to counter and downcast these insurgent movements would not only result in socio economic stability of both terrorism struck countries but may also contribute to the overall regional stability and cooperation in South Asia.