China has renewed a $3.4 billion loan for Pakistan, enhancing the country's foreign exchange reserves to $14 billion when combined with recent commercial and multilateral loans. Of the total, $2.1 billion was renewed from Pakistan's central bank reserves, where the funds had been held for the past three years. Additionally, Beijing has refinanced a $1.3 billion commercial loan repaid by Islamabad two months ago. Pakistan has also secured another $1 billion from Middle Eastern commercial banks and $500 million from multilateral sources.