Great potential lies for local, foreign investment’

[Salman]

Great potential lies for local, foreign investment’

ISLAMABAD: Pakistan has great potential for local and foreign investment, it is endeavor of government to bring economic stability by encouraging trade and commerce related activities in the country.

The Chairman IPO-Pakistan Hameed Ullah Jan Afridi in a meeting of American Business Council (ABC) and Overseas Chamber of Commerce and Industry (OCCI) said after upgrading infrastructure and strengthening of IP regime, the legislation process of IP was in its final stage and with the cooperation of World Intellectual Property Organization (WIPO) training courses of IP professionals and representatives of stakeholders were progressing effectively.

He said 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, Jan Afridi said enforcement mechanism has been upgraded by seeking close cooperation of the members of enforcement agencies and areas of mutual cooperation would be explored between IPO and Trade organizations. It was pointed out in the meeting vigorous media campaign has been started for elimination of counterfeiting and piracy besides creating awareness regarding punitive actions against violation of IP rights.

The Director General IPO Sajjad Ahmad Bhutta stressed the need of collaborated activities for capacity building of IPO officials as well as the members of enforcement agencies. staff report