BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
Business & Finance

IP violations costing Pakistan over $3bn annually, reveals OICCI survey

  • Intellectual property violations are stifling innovation and deterring foreign investment in Pakistan
Published Updated

The Overseas Investors Chamber of Commerce and Industry (OICCI) released its latest IPR Survey, covering eight sectors, which found that intellectual property violations are costing Pakistan an estimated Rs 860 billion, i.e. $3.1 billion annually in lost revenue and taxes.

As per a press statement released on Thursday, every six out of 10 OICCI member companies participating in the survey said IP rights are partially protected and have further room for improvement under Pakistan’s current laws.

Trademark violations were rated the most prevalent form of infringement. On enforcement, the picture is equally stark: most IP disputes take more than three years to resolve, with the survey revealing that cases rarely conclude in the early stages of the process.

Members rated support from law enforcement agencies, including customs, police, and the FIA, as limited. The survey recommends legal reforms aligned with TRIPS and WIPO standards, stronger inter-agency coordination, IP watch-lists at border crossings, and intelligence-led action in high-risk sectors.

Speaking at the launch, Nauman Aslam, Director-General, IPO-Pakistan, said: “Strong IPR protection is an economic imperative. These findings reinforce the need for robust institutions, effective inter-agency coordination, and stronger service delivery across the IPR enforcement ecosystem. IPO-Pakistan is committed to bridging the enforcement gap and positioning Pakistan as a jurisdiction that values innovation.”

“The survey findings are a useful reminder of the work that still needs to be done on IPR in Pakistan. Foreign investors want to operate in an environment where their brands, products, and innovations are protected and where disputes can be resolved in a reasonable timeframe,” said Abdul Aleem, Secretary General, OICCI.

 “An annual loss of Rs860 billion in revenue and taxes is a matter that warrants close attention. We hope the government and relevant agencies will take these findings in the constructive spirit in which they are shared, and work with the private sector towards improvements,” he added.

The Chamber expressed hope that the findings of the survey will serve as a practical reference point for policy action and contribute to building a more secure and innovation-friendly business environment in Pakistan.

Comments

Comments are closed for this article.