Pakistan Plans to Deploy Bitcoin Reserves to DeFi Protocols for Yield Generation

According to ChainCatcher, citing a report from Cointelegraph, Bilal Bin Saqib, Chief Advisor of the Pakistan Crypto Council, stated that there are plans to deploy Pakistan’s national Bitcoin reserves into DeFi protocols in the future to generate yields.

The Pakistan Crypto Council submitted a draft legal framework for national Bitcoin reserves on June 6. The Ministry of Finance has agreed to expedite the approval process, as the government aims to position itself as a leader among Global South countries in the development and adoption of digital assets. Bilal Bin Saqib was appointed Chief Advisor of the Pakistan Crypto Council in March 2025, responsible for guiding the integration of cryptocurrency and blockchain technology into Pakistan’s financial ecosystem and ensuring the establishment of a regulatory framework aligned with global best practices. Michael Saylor will also serve as an advisor to help Pakistan build its Bitcoin reserves.