The less said the better about the Israeli connections but this was prior to the Indians reaching out to them in the later 90's.
The issue with the EF may not always be price as these can be financed and with multiple nations involved, multiple financing avenues are available. But it is these very multi-national issues that leave the EF also a doubtful contender.
However, currently (and even in 2001) Pakistan does not need a air superiority or air defence fighter as the JF-17s and F-16 MLU's can do that pretty well. We need a deep strike asset that can complement and supplement the few F-16 Block-52's we have.
Basically, the need is for a deep penetrating aircraft that can fight its way through the eastern fronts ADGE, bomb the smithereens out of a target at least 600 km inside India and then fight its way out with minimal losses.
For that the Rafale had some chance and so does the EF, but the focus is now on a 5th gen aircraft that can do that.
As long as we can blow the A-50Ehl fleet at Agra, that is good enough for Pakistan.