Pakistan joins Madrid System of Trademark of WIPO : Razak Dawood
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The Adviser said the Ministry of Commerce remains committed to supporting Pakistan’s brands
ISLAMABAD (Dunya News) – The Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday said Pakistan has joined the Madrid system of Trademark of World Intellectual Property Organization (WIPO), which allows the brand owners to protect their trademarks of different local items.
The Adviser, Abdul Razak Dawood, held a consultative a meeting at the Ministry of Commerce discusses matters relating to the intellectual property ecosystem of Pakistan, said a statement.
At the outset, he was informed that as a landmark achievement, after joining the Madrid system of trademark of WIPO, local brand owners now allows to protect their trademarks in over 100 countries through a single and cost-effective procedure.
2021
Every Tuesday and Friday,
WTR presents a round-up of news, developments and insights from across the trademark sphere. In our latest round-up, we look at Danone expanding its plant-based brand portfolio, USPTO seeking public feedback on the Trademark Modernisation Act, an Olympics trademark battle escalating, and much more. Coverage this time from Trevor Little (TL), Bridget Diakun (BD), Jonathan Walfisz (JW) and Tim Lince (TJL).
Market radar:
LVMH buys 50% stake in Jay-Z’s champagne brand – LVMH has acquired a 50% stake in Armand de Brignac, a Champagne producer owned by Jay-Z, reports
Bloomberg. The artist started investing in the brand in 2006, and in 2014 he bought out Sovereign Brands’s stake in the business. “Armand de Brignac breaks barriers and reflects contemporary luxury, while preserving the tradition of the Champagne terroirs,” Philippe Schaus, chief executive officer of LVMH’s Moet Hennessy drinks unit, said in a statement. Jay-Z’s brand is set
26 Feb 2021 - 16:05
QNA
Doha: Qatar Petroleum entered into a new long-term Sale and Purchase Agreement (SPA) with Pakistan State Oil Company Limited (PSO)for the supply of up to 3 million tons per annum (MTPA) of liquefied natural gas (LNG) to the Islamic Republic of Pakistan.
Under the 10-year agreement, LNG deliveries to Pakistan s world-class receiving terminals will commence in 2022 and continue until the end of 2031.
The SPA was signed in Islamabad by HE Saad bin Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Syed Taha, the Managing Director & CEO of PSO in a special ceremony held under the patronage and with attendance of HE Imran Khan, the Prime Minister of the Islamic Republic of Pakistan, senior Pakistani government officials and HE Sheikh Saoud bin Abdulrahman Al-Thani, Qatar s Ambassador to Pakistan.
This would provide a saving of Rs2.05bn per annum or about 25 paisa per unit for remaining 25-37 year life of these projects, the regulator said in a statement. APP/File
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday slightly reduced the rate of return on equity (ROE) from 15 to 14.5pc for three old nuclear power plants of 930MW.
This would provide a saving of Rs2.05bn per annum or about 25 paisa per unit for remaining 25-37 year life of these projects, the regulator said in a statement.
The management of three nuclear power plants located at Chashma (C-2, C-3 and C-4) had filed the tariff petitions under Aug 27, 2020 decisions of the Cabinet Committee on Energy (CCoE) for reduction in ROE rate and freezing exchange rate to Rs148 per dollar.
Pakistan wants peace but any hostile move to be retaliated strongly: President
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SHORKOT, Pakistan: President Dr. Arif Alvi has said that Pakistan wants peace but any hostile move will be retaliated strongly as was done on February 27, 2019 when the Pakistan Air Force (PAF) shot down an Indian aircraft.
While addressing the 50th Anniversary of Mirages and Colours Award at Shorkot on Thursday, the president said that the PAF is fully capable of defending the Country against any misadventure of the adversaries.
The president said that the PAF has proved its mettle on various occasions by giving a befitting response to adversaries, especially to our belligerent neighbour India, despite limited resources.