According to Pakistani academics and American legal experts, intellectual property rights (IPR) stimulates economic growth in Pakistan. It is just because of the fact that IPR protects and encourages innovation and creativity; key factors in generating economic activities, and help industry create new jobs and compete in the international market.
This consensus was developed at a roundtable discussion on Intellectual Property Rights (IPR) for entrepreneurship and innovation, with a focus on IT and engineering, jointly organized by the U.S. Embassy and the National University of Science and Technology (NUST) today at NUST, Islamabad.
At the roundtable, academics from NUST, U.S. officials, and a Pakistani-American expert on intellectual property rights (IPR) discussed the wide range of issues relating to IPRs and economic growth with engineering and business students at NUST’s campus. The event featured a keynote address by Pakistani-American Haris Bajwa, a renowned expert on IPR. Bajwa, who has spent more than a decade developing and defending patents for companies such as Google, Samsung, and AOL, highlighted the importance of IPR in creating a knowledge economy, said, “Intellectual property rights are the fertile soil of invention, and government policies should work to enhance that fertility.”
John K. Dickerson, a Senior Commercial Law Advisor at the U.S. Department of Commerce in Washington, D.C. emphasized the role of intellectual property in attracting foreign direct investment and promoting economic development.