Ministry of Defence (Pakistan) of the army, navy and air force in Pakistan until 1956. In December 1959, the federal capital shifted temporarily to Rawalpindi, while plans for Islamabad were drawn up by then-General Ayub Khan's military government. The proximity of the Army Headquarters in Rawalpindi played a major role in the decision to relocate the capital. In March 1972, President Zulfiqar Ali Bhutto in response to criticism over the difficulties in inter-service coordination in previous wars decreed that all service HQs were to move to Islamabad. The Navy was the first to comply, with Naval Headquarters moving from Karachi to Sector E9 Islamabad
State Bank of Pakistan arm of the central bank and has branch offices in 15 cities across Pakistan, including the capital city, Islamabad and the four provincial capitals and has head office in Karachi. State bank has other fully owned subsidiaries as well namely, I) National Institute of Banking and Finance (NIBAF) which is the training arm of the bank and also provides training to commercial banks, 2) Deposit Protection Corporation (DPC) and recently SBP was given ownership of 3) Pakistan Security Printing Corporation (PSPC) as well. Before independence on 14 August 1947, during the British colonial era, the Reserve Bank of India was