President of Islamic Republic of Pakistan promulgates Intellectual Property Organization (IPO) Ordinance 2012

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President Asif Ali Zardari, on 24th April 2012, promulgated the Intellectual Property Organization (IPO) Ordinance 2012.

 Now IPO will have powers for giving legal cover to local and foreign businesses and bound law enforcement agencies in inflicting and protecting trademark, copyright and patent infringement laws.

Pakistan is currently on the United States’ “Priority Watch List”, regarding protection and enforcement of intellectual property rights (IPR) and is making efforts to come out of the list to boost foreign businesses, trade and investment in the country.

Last year, the USTR annual ‘Special 301 Report’ that reviewed trading partners’ protection of intellectual property rights, put 12 countries on it Priority Watch List including: China, Russia, Algeria, Argentina, Canada, Chile, India, Indonesia, Israel, Pakistan, Thailand and Venezuela.

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