Pakistan, July 5 -- The Abraham Accords, signed in 2020, have emerged as one of the most consequential geopolitical and economic developments in the Middle East in decades. While they were initially presented as a diplomatic thaw between Israel and several Arab states, their real power has been the transformation of regional trade, investment, and financial flows. For Pakistan, a country historically committed to the Palestinian cause and reliant on Gulf partners for energy and remittances, the shifting sands of this new regional alignment present both opportunities and profound dilemmas.

In less than five years, Israel's trade with the United Arab Emirates alone has skyrocketed from almost nothing to nearly three billion dollars a year,...