Intellectual Property Organisation (IPO) Pakistan Chairman Hameed Ullah Jan Afridi said here on Tuesday that Pakistan had great potential for local and foreign investment and the government too was committed to bring economic stability by encouraging trade and commerce activities in the country.
He stated this in a meeting of the American Business Council (ABC) and Overseas Chamber of Commerce & Industry (OCCI).
The IPO chairman said that after upgrading infrastructure and strengthening of the IP regime, the legislation process of IP was in its final stage and with the cooperation of World Intellectual Property Organisation (WIPO) training courses of IP professionals and representatives of stakeholders were progressing effectively.
He further said that appropriate measures had been adopted to upgrade the facilities in the offices of IP Registries and an automation project in this regard was also being implemented.
Highlighting the role of corporate sector in promotion of IP, Afridi said the enforcement mechanism had been upgraded by seeking close cooperation of the members of enforcement agencies and areas of mutual cooperation would be explored between IPO and Trade organisations.
It was also pointed out in the meeting that vigorous media campaign was underway for the elimination of counterfeiting and piracy besides creating awareness regarding punitive actions against violation of IP rights.
