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**Summary:**

China has rolled over $3.4 billion in loans to Pakistan, boosting the country’s foreign exchange reserves and helping it meet a key requirement set by the International Monetary Fund (IMF). The move includes a $2.1 billion rollover of existing central bank reserves and a refinancing of a $1.3 billion commercial loan. This financial support, combined with additional funds from Middle Eastern banks and multilateral financing, is crucial for stabilizing Pakistan’s economy under its IMF bailout program.

**News Article:**

**China Provides $3.4 Billion Loan Lifeline to Pakistan, Bolstering Foreign Reserves**

*Karachi, Pakistan -* China has provided a significant boost to Pakistan’s struggling economy by rolling over $3.4 billion in loans, Pakistani government officials told Reuters on Sunday. The move is expected to bolster the country’s foreign exchange reserves, a key requirement set by the International Monetary Fund (IMF).

The financial package includes a rollover of $2.1 billion already held in Pakistan’s central bank reserves for the past three years. Additionally, China has refinanced a $1.3 billion commercial loan that Pakistan had recently repaid.

“This brings our reserves in line with the IMF target,” one of the officials told Reuters, who requested anonymity as they were not authorized to speak publicly before the official announcement.

The loans, particularly those from China, are critical to shoring up Pakistan’s low foreign reserves, which the IMF required to exceed $14 billion by the end of the current fiscal year on June 30. In addition to the Chinese support, Pakistan has also received $1 billion from Middle Eastern commercial banks and $500 million from multilateral financing.

Pakistani authorities maintain that the country’s economy has stabilized through ongoing reforms under a $7 billion IMF bailout program. The Chinese support is a crucial element in maintaining that stability and meeting IMF requirements.

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