HYDERABAD: The President Hyderabad Chamber of Small Traders and Small Industry Muhammad Altaf Memon has termed Intellectual Property Rights (IPR) essential for businessmen and called upon the community members to strictly follow it for protection of their business.
The IPR is valuable assent for businessmen in western world but unfortunately the business community of Pakistan is not considering it as important feature which can ensure the protection of the business of traders, investors and industrialists, he said.
Addressing the meeting of the HCSTSI executive committee here on Tuesday, he said the IPR guarantees the businessmen to protect their business through copy rights, patent, trade mark and trade secrecy which he said are the basic parts of any business. The traders, investors and industrialists of Hyderabad should strictly follow the IPR for protection of their business, he appealed.
He, on the occasion also called upon the government to implement the IPR in letter and spirit so that not only the rights of the business community could be protected but the government should also enhance the revenue.
He underlined the need of launching a massive mass awareness campaign in this regard so that customers could purchase the original brands and the manufacturers of these brands could get benefits from their products. The government should prepare effective laws in this direction, he added.
Among others, HCSTSI Senior Vice President Muhammad Idrees Memon, Vice President Masroor Iqbal, Saleemuddin Qureshi, Daulat Ram Lohana, Muhammad Arif Memon, Shafqatullah Memon, Dr. Muhammad Ismail Farooq Nami, Vishnu Mal, Choudhry Muhammad Aslam, Shaikh Ahmed Hussain and Muhammad Saleem Khan also attended the meeting.