This study tends to examine the mediating role of business process capabilities and organizational learning in order to validate the KM practices driven performance. A mediating model is proposed and confirmatory factor analysis is performed through structural equation modeling to assess the overall measurement model. The results of the study confirm that KM practices have positive and significant association on overall performance of firms and as well intermediate measures (business process capability and organizational learning) have positive and significant connection with KM practices and overall performance of firms. Further, the results of the study reveal that KM practices are partially rooted through business process capabilities and completely mediated by organizational learning. It suggests that both intermediate measures are complementary for KM practices driven performance more specifically the organizational learning. The results of the study postulate that KM practices provide foundation to KM-driven performance, where business process capability and organization learning are two important drivers for value creation process. An organization has bundle of knowledge resources and capabilities, so it should dedicate its efforts to identify and implement more KM practices as well for the improvement of business process capabilities and organizational learning to better realized KM-oriented performance.