LSE 10th annual conference starts today

Lahore (Staff Reporter): The Lahore School of Economics is organizing its Tenth Annual Conference on the Management of the Pakistan Economy on March 26-27 2014. The theme of this years Conference is “Pakistan in the Global Economy – Opportunities and challenges. The noted economists and experts will give their presentation during the two-day conference, which included Rashid Amjad, Mushtaq Khan, Mohsin Khan, Syed Kumail Rizvi, Mnzoor Ahmed, Irfanul Haq and Nabeel Hashmi. The objective of the Lahore School’s Annual Conference is to promote timely debate on important policy issues facing the country.

In each session the speakers will present papers related to the theme which will be followed by a short discussion. The balance of payments has been an enduring constraint on Pakistan’s economic growth. Periods of relatively rapid growth have been interrupted by rising trade deficits or falling foreign financial inflows. The economic crisis of 2008 typified this sequence of events. In terms of per capita income, Pakistan has fallen behind the more rapidly growing Asian economies and its share in world trade continues to shrink.


Intellectual property policy sent to ministry for comments: IPO

Islamabad (Staff Reporter): Intellectual Property policy has been formulated by Intellectual Property Organisation (IPO) and has been sent to the law ministry for their comments. DG IPO Engr Aamir Hassan disclosed this at a media Seminar “The enforcement of copy laws in Pakistan” organised by Oxford University Press (OUP) on Tuesday. Hassan said that based on this draft policy IPO had also prepared an integrated strategy and action plan. He also revealed that IPO had proposed setting up of IP courts in all the provincial headquarters and the federal capital. This proposal has already been submitted to the law ministry and is actively followed-up.

“With the establishment of IP tribunals the intellectual property cases would be resolved in time and the problem of litigation period would be solved,” he said.

Earlier, opening the seminar OUP MD Ameena Saiyid said that books piracy deprived the writers of their royalty, the publishers of their legitimate income and government with its tax revenue. She said according to an estimate the government had lost Rs 25 billion during 2012 due to piracy.

She proposed that there should be special task force at the provincial level to counter the IPR violations. Saiyid was of the opinion that punishment period in the IPR laws did not discourage piracy as the violators were sentenced mildly by the courts. She said that the pirated books were being exported to the Middle East countries, which should be checked by custom authorities.

Syed Bilal Ahasn, IPR legal expert, said that punishments for IPR violations should be enhanced to create effective deterrence. He observed that as law enforcement were pre-occupied with law and order issues, special IP enforcement squads be established to take quick and effective action.

Additional Collector Customs Intelligence Imran Chaudhry said that Pakistan was bound to protect intellectual property rights under various international laws like TRIPs.

Addressing the seminar Deputy Director FIA Shahbaz Akram said that 131 cases of IPR violations were registered with FIA during the last 8 years.

The MD Oxford University Press said if genuine publishers published more books, the prices of books would come down.



Workshop on enhancing dryland capacity

LAHORE (PR): In his address during the workshop on Enhancing dryland capacity, Mr Joachim, the Regional Director BGCI-UK laid emphasis on conservation of Dry land ecosystem of the world by involving local communities in sustainable conservation and management. He also appreciated the work carried out by the Pakistan Botanical Garden Network Secretariat, in collaboration with the staff and students of GC University Lahore in setting up pilot projects in four dryland Ecosystems of Punjab. The group discussed the scope and priorities of restoring natural forest in arid lands of Punjab in the context of socio-economic potential of the restoration action by addressing conservation and livelihoods improvement.



KCCI and Bahrain Chamber sign Memorandum of Understanding

Karachi (Staff Reporter): The Karachi Chamber of Commerce and Industry (KCCI) and Bahrain Chamber of Commerce and Industry (BCCI) have signed a Memorandum of Understanding in order to promote economic relations between the Islamic Republic of Pakistan and the Kingdom of Bahrain. The MoU was signed by President Karachi Chamber, Abdullah Zaki and Chairman Bahrain Chamber, Khalid Al-Moayed during a ceremony held in Islamabad which was attended by Federal Commerce Minister, Khurram Dastgir Khan and other senior officers of Commerce Ministry along with prominent personalities of the business community.

According to the MoU, both chambers will regularly exchange market information, business opportunities and economic delegation for promoting trade, investments and commercial exchange between the two countries and also extend cooperation among entrepreneurs and organizations in terms of their membership.

 Karachi Chamber and Bahrain Chamber have further agreed to foster friendship and understanding between the business communities in both countries and promote cooperation in trade, investment, technology transfer, services, innovation franchise and all industrial sectors.

Both chambers will cooperate between Pakistan and Bahrain SMEs Centres and develop institutional capacity for the inception and growth of SMEs in both countries.

Commenting on MoU, President KCCI, Abdullah Zaki said that it will pave way for further strengthening relations between the two chambers and enhance interaction between the business communities, besides help in improving the existing trade volume. 

He was of the view that the existing trade volume can be substantially raised to US$1 billion in the next few years by focusing on potential areas. Bahrain can help Pakistan in meeting its energy related requirements whereas Pakistan can provide agriculture products to different cities of brotherly country through joint projects with Bahraini investors, he added.

Abdullah Zaki was of the view that Bahrain and Pakistan share common faiths, cultures and values which strengthen the bond between the two countries. Pakistan has contributed in many ways towards the development of the Kingdom of Bahrain and there are over 60,000 Pakistanis working and living in the kingdom as respected individuals.





LCCI membership renewal from 29th

Lahore (Staff Reporter): The Membership Department of the Lahore Chamber of Commerce and Industry will work extra hours on March 29, 30 and 31st to enable the LCCI members to get their registration renewed. On Saturday, March 29th, the membership department would work from 9 am to 5 pm and the next day that Sunday the department would work from 9am to 5pm  while it would remain open from 9 am to 10 pm on Monday, March 31st that is the last date for renewals. The decision has been taken by the LCCI Executive Committee with an objective to facilitate the LCCI members. It is pertinent to mention here that the March 31st is the last date for renewals.