List of capitals in Pakistan
Islamabad officially became the capital of Pakistan on 14 August 1967, exactly 20 years after the country's independence. Previously, Rawalpindi was the capital, designated in 1958. The first capital of Pakistan was the coastal city of Karachi, which was selected by Muhammad Ali Jinnah. Karachi was and still is the largest city and economic capital of Pakistan. It remained the seat of government until 1959, when the military president, Ayub Khan, decided to build a new capital in the north of Pakistan, near the general headquarters of the Pakistani Armed Forces at Rawalpindi.
Economy of Islamabad
Islamabad is the capital of Pakistan and a net contributor to the Pakistani economy. Whilst having only 0.8% of the country's population, it contributes 1% to the country's GDP. The Islamabad Stock Exchange, founded in 1989, is Pakistan's third largest stock exchange after Karachi Stock Exchange and Lahore Stock Exchange. The exchange has 118 members with 104 corporate bodies and 18 individual members. The average daily turnover of the stock exchange is over 1 million shares. As of 2012, Islamabad LTU (Large Tax Unit) was responsible for Rs 371 billion in tax revenue, which amounts to 20% of all the revenue collected by the Federal Board of Revenue (FBR) as of 2012.