By that argument, the State of Israel is not a state? Since those same countries (Iran, Pakistan, Bangladesh, etc) do not in fact recognize Israel’s existence.

The recognition you point to from other countries, is, at its heart, political. Those other countries are Muslim majority and vehemently anti-Israel. Ignoring that political and religious bias is intellectually dishonest.

But, if you still maintain Palestine is indeed a state, please answer the following:

- when was its independence? - who is the leader? - what is its currency? - who are its main trade partners?