The F-7PG aircraft was on a routine training mission at the time of the incident. The crash led to the martyrdom of the pilot.
The PAF statement added that a board of inquiry has been ordered by Air Headquarters to determine the cause of the crash.
Timeline of major air crashes in Pakistan
Earlier in November, PAF C-130 cargo aircraft crash landed at Nur Khan airbase.
The aircraft caught fire after the hard landing and the pilot and the trainee pilot were reported safe by authorities.
The C-130 was on a routine training flight, said a spokesman for the service and added that the fire was extinguished and all crew members are safe.
The F-7PG aircraft, based on the Soviet-era Mig-21 and built by a leading Chinese aircraft manufacturer, has a spotty service record in PAF service with the majority of recent crashes involving the aircraft.
The PAF is to replace its entire F-7 fleet with the JF-17 Thunder fighter aircraft.
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