KARACHI - India-Pakistan Chamber of Commerce and Industry President SM Muneer has expressed hope that India would eliminate a number of Pakistan-specific non-tariff barriers by October 2011. He was speaking at a curtain raiser press conference for the upcoming seminar on Pakistan-India Trade: Prospects and Challenges here Thursday. Muneer said Pakistan, on the recommendations of FPPCI, is ready to give a Most Favoured Nation (MFN) status to India, if it (India) removes non-tariff barriers for Pakistani exporters with an aim to increase flow of trade between the two countries. He further said that the volume of bilateral trade between India and Pakistan has declined from $3.5 billion to $1.8 billion, which is substantially low, when compared to the volume of trade between Pakistan and Singapore. The biggest non-tariff barrier in trade flows is poor trade logistics and visa restrictions which hampers businessman from travelling across the border to strike trade deals. Therefore, the Indian government should make soft visa policy for promoting trade ties with India, he said. He also announced that the FPCCI in collaboration with IPCCI is organising a seminar on Pakistan-India Trade: Prospects and Challenges in Karachi on July 04, 2011. Business and trade experts of international repute from both sides would present their papers on different issues like current dynamics of regional trade, liberalisation of trade regime, MFN status, etc.