The only benefit I see from having relation with Pakistan is larger acceptance in the muslim world, while it has many drawbacks, like relations with India.
http://www.jpost.com/Arab-Israeli-C...nister-Israel-Saudi-peace-in-the-cards-463348
Yasterday's article.
it seems that this benefit may soon be gone too, so for as much as I can see, it's more of a Pakistani interest to recognize Israel, than it's a Israeli one.
We're doing fine, 300 billion economy for 8 million people, inventing new stuff every day, found oil and gas lately and more to be discovered, new relations with arab states, and so on