China has rolled over US$3.4 billion in commercial loans to Pakistan, a finance-ministry official said. The package includes US$2.1 billion that has sat with Pakistan’s central bank for three years and the refinancing of a US$1.3 billion loan repaid two months ago. The rollover, together with roughly US$1 billion secured from Middle Eastern commercial lenders and about US$500 million in multilateral funding, lifts Islamabad’s foreign-exchange reserves to around US$14 billion. Reaching that level satisfies a key end-June benchmark set by the International Monetary Fund under Pakistan’s US$7 billion bailout programme. Pakistan’s reserves had fallen to about US$8.9 billion last week, underscoring its reliance on external financing. Beijing remains the country’s largest bilateral creditor, and its latest support gives the government breathing room as it seeks longer-term reforms and additional financing in the new fiscal year.