Subfamily Charmontinae is recorded for the first time from Pakistan. Charmontinae is a small but widely distributed group of braconids. A cosmopolitan braconid species, Charmon extensor (Linnaeus), is first time recorded from Chitral area of Pakistan. A new species, Charmon ovchinnikovi, is described, illustrated and compared with its closely related species Charmon extensor. The new species is different from C. extensor because of different sculpture of metasomal tergum 1 and shape of pterostigma. Pterostigma is 3X longer than broad in this new species, while it is 5X longer than broad in C. extensor. The addition of the new species raises the number of Charmon species to eight in the world. Species of Charmontinae are larval and pupal endoparasitoids of lepidopterous insect pests and their recorded hosts belong to 16 families of Lepidoptera.