Strong IP system boosts investment, innovation: Ambassador

July 15, 2024 (MLN): The robust intellectual property system is vital for attracting investments, promoting entrepreneurship, and protecting innovations in strategic technologies as the effective protection and management of intellectual property is essential for a nation's economic and national security, Ambassador (R) Farukh Amil, Chair IPO-Pakistan said during a meeting with Ambassador (Retd) Qazi M Khalilullah, Executive Director, Center for International Strategic Studies Sindh (CISSS) held yesterday. 

He emphasized the critical role of intellectual property in safeguarding national security and driving economic growth.

"It encourages innovation, attracts foreign investment, and helps to build a competitive edge in the global market," Farrukh added.

He further emphasized that intellectual property protection is critical for the development of strategic industries such as telecommunications, biotechnology, artificial intelligence, and cybersecurity.

Ambassador (R) Qazi M Khalilullah expressed interest in exploring areas of mutual collaboration between CISSS and IPO-Pakistan to strengthen intellectual property regimes and promote research and development in strategic technologies.

"This collaboration will help to identify and protect innovation and intellectual property in strategic sectors, ultimately contributing to the economic growth and national security of Pakistan," Ambassador Khalilullah said.

The meeting highlighted the importance of intellectual property in today's knowledge economy and its impact on national security and economic prosperity. 

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