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IPR protection must for attracting foreign investment: OICCI - Newspaper

LAHORE: Pakistan has by and large world class intellectual property rights (IPR) laws but lack their effective use, Overseas Investors Chamber of Commerce and Industry (OICCI) President Irfan Siddiqui said in a statement issued on Monday. The statement, issued on the occasion of World Intellectual Property Day, stressed that protection of IPR in Pakistan is critical for attracting and retaining FDI in the country. “Laws which give a strong protection to IPR play a key role in encouraging innovation and creativity,” Mr Siddiqui said. “IPR protection motivates innovators, promotes business growth, creates employment, diversifies the choice of products available to consumers, as well as attracts new FDI and promotes innovation and jobs. Without adequate IP protection, local innovators are unable to attract investments, business creation is slow, and jobs lost,” the OICCI statement read.

PAKISTAN: Madrid Protocol to Enter into Effect in May - International Trademark Association

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Feature: Pakistan gearing up to trademark Himalayan pink salt to boost exports - World News

2021-03-04 13:05:39 GMT2021-03-04 21:05:39(Beijing Time) Xinhua English by Raheela Nazir ISLAMABAD, March 4 (Xinhua) Muhammad Irfan, 38, was keenly supervising the crafting of decoration items made of the famous Himalayan pink salt at his factory located in Khushab, a district in Pakistan s eastern Punjab province. Thousands of people in Khushab are linked with the salt industry as the district is rich in minerals including huge deposits of salt, he said. We are associated with this business since 1990. Initially, we have been manufacturing edible salt, but over the past few years we have started making other products made of Himalayan rock salt considering their high demand, both locally and abroad, Irfan, the owner of M&S Salt Factory, told Xinhua.

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