Rawalpindi launched his "coup d'etat" from Rawalpindi. In 1959, the city became the interim capital of the country under Ayub Khan, who had sought the creation of a new planned capital of Islamabad in the vicinity of Rawalpindi. As a result, Rawalpindi saw most major central government offices and institutions relocate to nearby territory, and its population rapidly expand. Construction of Pakistan's new capital city of Islamabad in 1961 led to greater investment in Rawalpindi. Rawalpindi remained the headquarters of the Pakistani Army after the capital shifted to Islamabad in 1969, while the Pakistan Air Force continues to maintain an airbase
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