ISLAMABAD, (Pakistan Point News - APP - 11th Nov, 2016 ) : The proposed National IT Policy-2016 has recommended legislation and policy frameworks to help promote creation of Intellectual Property Rights (IPR) and foreign investment in local companies. The key components of proposed IT policy recommend significant improvement in IT legal framework in Pakistan in areas of registration and protection of IPR, protection of data and online privacy for improved transparency.
To mention the few Intellectual Property specifically entitled to legal protection are inventions, software code/solutions, trademarks, designs, literary works, and trade secrets etc. As the volume of trade in goods and services involving intellectual property has greatly increased in recent years, the importance of the protection of IPR for world economy has grown enormously. In-appropriate and insufficient protection of intellectual property can distort trade and investment opportunities.
Therefore, legal framework is required for enforcement measures for protection of IPR, consumer rights and arbitration procedures for both foreign and domestic business/trade. Enforcement measures are also needed to control the software piracy and to assure protection of intellectual property rights of both foreign and local software developers. Moreover, a supportive environment is necessary to maximize potential impacts of ICTs in boosting competitiveness and well-being.