Karachi: The International Day of Family Remittances was observed on Monday. This day serves to recognize the significant contributions of migrant workers and to emphasize the crucial role that remittances play in enhancing the lives of millions of people across the globe.

According to Radio Pakistan, the observance focuses on acknowledging the hard work and sacrifices of migrant workers who send remittances back home. These financial contributions are essential in supporting families and communities, often providing a lifeline for basic needs, education, and healthcare.

The day also underscores the economic impact of remittances, which are a vital source of foreign exchange for many countries. By facilitating improved living standards and opportunities, remittances contribute to sustainable development and poverty reduction worldwide.

The observance encourages policies and initiatives that support secure and efficient remittance transfer systems, aiming to maximize the benefits for families and communities reliant on this crucial financial support.