Investigation launched and owner of airline banned from leaving country as all 127 people on board jet are feared dead.

Police in Pakistan say there is no chance of finding any survivors after a passenger jet carrying 127 people crashed on the outskirts of the capital, Islamabad, amid bad weather.

The Bhoja Air flight from Karachi city burst into flames after coming down in fields near a village on the outskirts of the capital on Friday evening as it approached Islamabad's international airport.

The airline said the Boeing 737 was carrying 121 passengers, including 11 children, as well as six crew.

Soldiers and emergency workers have been looking for bodies and body parts among the debris.

The owner of Bhoja Air, a private carrier, has been banned from leaving the country, and the government has launched an investigation into the air crash.