Zibago
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Easier said than mate, we are taking about Iran level sanctions minus the oilThis is not a one off event, this is a result of a long drawn tension between two countries. US's policy has fundamentally changed. US has long cut Pakistan from India and now Pakistan is politically attached with Afghanistan (AF-PAK policy). US will never allow Pakistan any leverage over the more economically and politically fruitful India.
Well using options has costs and I don't think any cost can outweigh the sovereignty.
Ask yourself the question is our populace ready to accept difficult economical times if we really do shoot one(which is technically easier than shooting a fighter jet)