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MoU to be signed between IPO Pakistan and SIPO China

04 October, 2017

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ISLAMABAD: The federal cabinet, which met here on Tuesday with Prime Minister Shahid Khaqan Abbasi in chair, allowed the signing of a memorandum of understanding (MoU) between the Intellectual Property Organisation (IPO) of Pakistan and the State Intellectual Property Office (SIPO) of China.

The enhanced cooperation between IPO-Pakistan and SIPO-China will enable both the organisations to learn from each other's experiences.

IPO-Pakistan will also learn from China's rich experience in using the IP system in a balanced and flexible manner that promotes national development and trade while protecting IP rights, stated a press release issued by the PM's Media Office.

The cabinet, in its meeting held here at the Prime Minister's Office, also ratified the Statute of the ECO Regional Centre for Cooperation of the Anti-Corruption Agencies and Ombudsmen (RCCACO).

It approved a proposal by Aviation Division to grant exemption to Pakistan International Airlines Corporation Limited (PIAC) from fee payable @ 0.1% to the Pakistan Stock Exchange Limited (PSX) and supervisory fee payable @ 10% to Securities and Exchange Commission of Pakistan of PSX fee on issuance of additional shares.

Establishment of insurance tribunals at Lahore and Multan was also approved.

The cabinet approved appointment of Air Marshal Ahmer Shahzad as Chairman Pakistan Aeronautical Complex Board Kamra. Extension in contract appointment of Omar Arshad Hakeem, Judicial Member (BS-21) Customs Appellate Tribunal, Bench II Lahore for a further period of two years was allowed by the cabinet.

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