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Pakistan Attractive as Growth Outweighs Violence, Atlas Says

Atlas Asset Management Ltd., manager of Pakistan’s best-performing equity fund, said Asia’s cheapest stock market offers “attractive returns” as the economy grows even with mounting terrorist attacks and political violence.

“I really don’t spend any time worrying about law and order,” said Muhammad Abdul Samad, 40, who oversees $77 million in Pakistani stocks and bonds as chief investment officer at Atlas Asset in Karachi. “If you want to make returns, you have to look at the positives: we have a huge market of 180 million people and the economy is still growing.”