BR100 Decreased By (-0.81%)
BR30 Decreased By (-1.11%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.81%)
AGHA 7.59 Decreased By ▼ -0.10 (-1.3%)
BECO 5.51 Increased By ▲ 0.27 (5.15%)
BML 59.08 Decreased By ▼ -1.14 (-1.89%)
BOP 34.11 Decreased By ▼ -1.17 (-3.32%)
CNERGY 12.84 Decreased By ▼ -0.29 (-2.21%)
CSIL 6.10 Decreased By ▼ -0.01 (-0.16%)
FCCL 57.66 Decreased By ▼ -0.31 (-0.53%)
FFL 16.20 Decreased By ▼ -0.22 (-1.34%)
FNEL 1.21 Increased By ▲ 0.01 (0.83%)
KEL 7.48 No Change ▼ 0.00 (0%)
KOSM 5.94 Decreased By ▼ -0.10 (-1.66%)
LOTCHEM 27.99 Increased By ▲ 0.24 (0.86%)
MLCF 100.65 Decreased By ▼ -2.33 (-2.26%)
NBP 203.75 Decreased By ▼ -2.29 (-1.11%)
NCPL 60.57 Decreased By ▼ -1.67 (-2.68%)
NPL 69.96 Decreased By ▼ -1.33 (-1.87%)
OGDC 320.29 Decreased By ▼ -3.49 (-1.08%)
PACE 11.10 Decreased By ▼ -0.41 (-3.56%)
PAEL 43.12 Decreased By ▼ -0.78 (-1.78%)
PIBTL 16.56 Decreased By ▼ -0.12 (-0.72%)
PPL 228.84 Decreased By ▼ -0.63 (-0.27%)
PRL 71.02 Increased By ▲ 0.91 (1.3%)
PTC 71.65 Decreased By ▼ -0.50 (-0.69%)
SSGC 26.68 Decreased By ▼ -0.43 (-1.59%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.61 Decreased By ▼ -0.11 (-1.26%)
TPL 22.24 Decreased By ▼ -0.38 (-1.68%)
TPLP 15.11 Decreased By ▼ -0.57 (-3.64%)
TREET 24.13 Decreased By ▼ -0.08 (-0.33%)
TRG 59.84 Decreased By ▼ -1.29 (-2.11%)
BR Research

IPO-Pakistan needs to shift gear

Published Updated

In a globalised world, Intellectual Property (IP) rights have assumed greater significance. The IP rights include patents, copyrights, trademarks, industrial designs, integrated circuits, genetic resources, traditional knowledge and folklore.
In 1994, the World Trade Organization (WTO) entered into an agreement with member nations on Trade-related aspects of Intellectual Property Rights (TRIPS), to set down minimum standards for many forms of IP regulations. The scope of the agreement was modified in 2001.
To arrest Pakistans deteriorating IP rights record, the government of Pakistan established in 2005 the Intellectual Property Organization (IPO) Pakistan as a focal organisation for managing the IP related issues and coordinating with various enforcement agencies.
Its been six years since its launch, yet IPO-Pakistan hasn been able to kick off its programme in a massive way. It is disturbing to note that Pakistans record and image in protecting and promoting IP rights has not improved much. Even if some progress has been made, it has not been highlighted enough to create more public and business awareness.
As per the IP related statistics released in 2010 by the World Intellectual Property Organization (WIPO) - a specialized United Nations agency promoting the protection of IP rights throughout the world - Pakistans IP scene is dominated by registrations of IP rights by foreign entities.
As the table shows, the applications for IP rights from local businesses or persons are lower than foreign entities, and approvals or registrations are even lower. This makes a clear case for creating awareness, among Pakistani businesses in particular and public in general, for IP related laws and regulations.
Talking to BR Research, the spokesperson for IPO-Pakistan mentioned an elaborate IP rights awareness campaign in the works. The media department has been created recently at the organisation to undertake proactive measures to enhance knowledge about IP rights and inform the public and businesses about the potential benefits of registration with IPO-Pakistan.
He highlighted lectures and seminars at various universities, engagement with the corporate sector, launch of training courses, and extensive media coverage as some avenues of outreach in this regard.
It is obvious from the WIPO figures that local businesses and the general public have very little knowledge of IP rights. Very few people know that registering their intellectual property with IPO-Pakistan provides them with a global protection from
IP rights infringement. Registration fee is a one time cost, as low as Rs1,000 - 2,000.
IPO-Pakistan needs to target small and medium businesses directly as they are the engines of growth provided a fair and level-playing field is created for them. Moreover, online IP rights registration is another area they should work on to facilitate businesses. Rigorous enforcement and protection of IP rights will improve business sentiment and also encourage foreign investment in Pakistan.


========================================================================================
Intellectual Property rights registration in Pakistan (2008)
========================================================================================
Applications Approvals/ Registrations
Total Resident Non-Resident Total Resident Non-Resident
========================================================================================
Patents 1,545 170 1,375 233 11 222
Trademarks 14,872 10,186 4,686 8,165 3,191 4,974
Industrial Designs 576 378 198 382 236 146
========================================================================================

Source: WIPO indicators, 2010

Comments

Comments are closed for this article.