ICCI, IPO or­ga­nize aware­ness ses­sion on IPRs

The Pak Banker - - NATIONAL -

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.

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