DASKA - The business community of Sialkot has also rejected 13 per cent increase in mark up ratio by the State bank of Pakistan (SBP). Sialkot Chamber of Commerce and Industry (SCCI) has expressed grave concern over the raise in the ratio of mark up in the new monetary policy by the State Bank of Pakistan (SBP), saying that the increase in mark up ratio to 13 percent would definitely leave the bad impacts on Sialkot exports, besides, badly perturbing the industrialists, exporters and traders as well. Sialkot-based leading business tycoons said that the prices of raw material and utility bills were already skyrocketing in the country, as present increase in mark up ratio would prove itself as the last nail in the coffin of the national economy. They said that present increase will be nothing more than a cut throat for the export and industrial sectors. They also strongly criticized the government proposal regarding the possible 20 percent further increase in power tariff and said that this would be another major obstacle in the smooth way of industrial development, besides, brining the industrial development to a standstill. They urged the Governor SBP to ensure the early withdrawal of this present increase in the mark up ratio, in the larger national interest.