KARACHI - Secretary Commerce Suleman Ghani has said that the new trade policy, focussing on supply side constraints and domestic market, will be, at least, for three years period. "This will be a medium term framework to set our directions in next three years", he said while talking to the members of Karachi Chamber of Commerce and Industry (KCCI) here Saturday. He said that the trade policy will also have the implementation module and directions on easy business processes to ensure that all the decisions taken in the policy should be easily implemented. Suleman Ghani asked KCCI to give its input for the trade policy along with the business processes and ways and means for the simple implementations of the suggested measures. "I have requested all the federal secretaries to have meeting with business chambers and trade bodies in a group during consultations for the trade policy. This will help us to have point of view of all the concerned secretaries on various issues confronting trade and industry in the country", he noted. He also assured business community that no arbitrary changes will be made in the trade policy. Responding to the demand for reducing mark up rates, Secretary Commerce said that interest rates will come down considerably in next three to four months. He said that an overview body, set up to rationalize interest rates has recommended a visible cut in mark up rates. The body feels that there should be a rationale in the cost of capital and the interest rates. Talking of energy rates, he said that consumers tariff should not be made at the cost of industry. He said that the role of Trade Development Authority of Pakistan (TDAP) should be further expanded and it should address all the constraints of industry and exporters. Replying to a issue of fake trade bodies, Suleman Ghani said that a tribunal has been set up on the recommendation of Senate Committee on Trade to look into the matters of dubious trade bodies. Things will be transparent and only genuine trade bodies will be registered, he added. Earlier, CM's Advisor of Investment Zubair Motiwala, former president KCCI Siraj Kassem Teli and president KCCI Anjum Nisar urged the Secretary Commerce to reduce cost of doing business by lowering interest rates, cut utility cost. They also urged him to check import of goods under Afghan Transit Trade (ATT). This was killing local industry. They also urged to investigate the registration of fake trade bodies. They urged Suleman Ghani to improve the performance of TDAP and appoint commercial counsellors abroad from private sector.