Never imagined there would be such a thread on this forum populated by fan boys.
Just to give an idea, the number of brahmos required to strike a target with the same payload of a MiG-27ML is 16. And an upgraded MiG-27ML costs just 2 cruise missiles(upgrade costs and the basic costs combined)! And a MiG-27 is re-usable. Its not as 'sexy' as a cruise missile but it will get the job done if the mission is properly planned. If you stick to cruise missiles as a substitute for bombers, then your entire country would become bankrupt.
While the above fighter bombers like the MiG-27s and Jaguars can be used even while the area is hot, provided they are escorted, a dedicated bomber like the Tu-160 or a B-52 should only be used after complete or local or temporary airsuperiority is established. If you don't then, well ask the Americans what happened during the vietnam war.
The problem nowadays is this time of peace which means military is asked to tighten its belt, and under these circumstances the airforce is forced to make one aircraft perform many duties. This rationale is further cemented by the kind of wars won nowadays by these aircrafts, where industrialized nations bomb some third world country which cannot defend itself well. As you cannot train a single guy to perform both weight lifting and running, you also cannot have an aircraft which can bring out its best dog-fighting capability, when its airframe is unnecessarily strengthened(which puts on weight, increased wing load and reduces maneuverability), to carry loads not necessary for an air superiority role.
Unless you have a situation where industrialized nations are fighting for their very life and death amongst against each other, as a result the funds become unlimited because of the nature of the enemy, and where the aircrafts are fighting on the drawing boards to cut down every unnecessary junk it is carrying contrary to the specialised role it is going to EXCEL in, so that it can edge out the smart and dangerous enemy who is also trying hard to make his aircraft the fastest and the nimblest to win the air-battle, and strongest and the most resilient to win the air-ground battle - this nonsense of a multirole/omni-role fighter will continue.
Pakistan cannot get itself a dedicated bomber because of a very simple reason, money!
India doesn't need a bomber now because it already has plenty of dedicated bombers.
Just remember, air targets can run out but ground targets can never ever run out because there is always something to bomb on the enemy's ground! Ground targets will only run out when the enemy ceases to exist and the land is claimed.