ICCI, IPO organize awareness session on IPRs
Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with Intellectual Property Organization (IPO) Pakistan organized an awareness session on intellectual property rights (IPRs). The session was organized to awareness on different property rights including trademarks, patents, industrial designs and copyrights for business community.
Speaking on the occasion, Shahid Rashid, Chairman, IPO-Pakistan said the protection of intellectual property rights brought many benefits to the economy. As strong enforcement of IPRs protected consumers and producers, ensured better economic growth and competitiveness, encouraged innovation and rewarded entrepreneurs, he added. He said it also generated breakthrough solutions for various problems, created and supported high paying jobs.
He said IPR was accounting for 38 percent of total GDP of USA adding that IPOPakistan was taking many initiatives to ensure better protection of IPRs. He said IPO was working on developing a web portal to enable businessmen and other stakeholders to file online applications for registration of trademarks, patents and copyrights.
He said the facility will enable online application filing and tracking system, complete validation of trademarks data and online search of trademark database. Atif Ikram Sheikh, President, Islamabad Chamber of Commerce & Industry said that better understanding of various components of intellectual property rights and using them effectively has become very important for Pakistani entrepreneurs to compete successfully in today's competitive business environment.
The effective measures should be taken to ensure strong enforcement and full protection to IPRs in Pakistan, he added. He said to remain ahead of the competitors, business entities have to introduce new products and services and they needed an efficient and effective intellectual property system for protection of patents, trademarks and manufacturing secrets.
He said IPRs would foster business and investment activities in the country and government should take all possible measures to bring further improvements in IPR laws to ensure their strong enforcement.