A financial crisis is in full swing after the US dollar peaked at a whopping 150 last week, in its higher ever rate against the Pakistani rupee.
In response to this, actors like Shaan Shahid and Hamza Ali Abbasi decided to offer some economic solutions to the looming rate.
Shaan tweeted out an “appeal to fellow Pakistanis” to buy back all rupees.
Appeal to all my fellow Pakistanis .. #buybackpakRs no matter how little or how big one affords but let’s put in our share pic.twitter.com/e5SQ08QNXY
— Shaan Shahid (@mshaanshahid) May 21, 2019
He went on to say “let’s start with whatever little we have to start with exchange 50,100 or 1000$ and buy back our rupee. We must not question right now. Let’s unite as the threat is mutual. We have a right to disagree with each other but let’s agree on our survival our future.”
#buypakRs 🇵🇰 let’s start with whatever little we have to start with exchange 50,100or 1000$ and buy back our Rupee .. we must not question right now let’s unite as the threat is mutual .. we have a right to disagree with each other but lets agree on our survival our future🇵🇰🙏🏼❤️
— Shaan Shahid (@mshaanshahid) May 20, 2019
…And his little economic advice received interesting feedback by Twitter users.
Ladies and gentlemen, may I present to you the Water Kit of financial schemes. Up there with the wizardry behind the Damn Fund. Pure genius. Give this man a Nobel already. https://t.co/St2oaDQEPs
— Ahmad Rafay Alam (@rafay_alam) May 22, 2019
Tough competition between Shaan Shahid and Rameez Raja. Both trying to outdo one another in making statements regarding issues about which they are totally clueless.
— Salman Masood (@salmanmasood) May 18, 2019
keep buying back and then donate it all to dam fund. mashallah brother.
— Abid Hussain (@abidhussayn) May 21, 2019
Hamza’s advice was based on his own personal experience; both his mother and sister converted all their dollars into rupees to “strengthen the currency.”
The actor requested fellow Pakistanis to “ditch the dollar” and buy rupees.
I don't have a dollar accnt but my mother & sister have one. I am proud to announce tht today they converted all the dollars into PKR. So i request all of u to DITCH THE DOLLAR and buy Pakistani Rupee asap & play ur part in strengthening our currency! 🇵🇰 #میں_پاکستانی_ہوں
— Hamza Ali Abbasi (@iamhamzaabbasi) May 23, 2019
While some followers reaffirmed whether or not it was a good idea…
Yes… When u sell ur dollars to State Bank of Pak… It helps strengthen PKR.
— Hamza Ali Abbasi (@iamhamzaabbasi) May 23, 2019
Others shared how they had also converted their dollars.
Had about $2000 and converted all to rupee
🇵🇰💪🇵🇰💪— Odd Steven (@Hoosier_Daddy99) May 23, 2019
I had $5800 , converted into pkr last night. Paid tax to govt. I am doing it since last 2 years.
— Ali Razzaq 🇵🇰 (@AliRazzaq_) May 24, 2019
Converted 4k dollars to pkr
— کپتان کا سپاہی (@aerezona) May 23, 2019
Many lauded Hamza for what his mother and sister did.
MashAllah ju…
Keep supporting our country— Muhammad Rizwan (@ArifRizu817) May 23, 2019
So very proud of you!!
— SHAH 🇵🇰 (@mel_shah) May 23, 2019
And it even inspired a few to do the same!
planning on selling all $ by tomorrow IA
— junaid.jamshaid (@junaidjamshaid5) May 23, 2019
Insha’Allah I’m going to that soon. #PakistanZindabad#میں_پاکستانی_ہوں
— Diya (@i_Roshanii) May 23, 2019
However many also criticized Hamza’s tweet and stated that buying rupees was not the answer.
The current government was condemned too for not living up to their previous statements of tapping into dollar reservoirs they claimed to have.
Congratulations you just broke economics. This is not how you "strengthen a currency". The IK govt is slowly bringing the ruppee to it's true value according to a free float system. You are doing nothing but causing small fluctuations in this process.
— thelahoriguy (@404Lahori) May 23, 2019
Do you agree with Hamza’s advice to sell the rupee? Will it help the Pakistan economy?