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Dhaka is the national and financial capital of the People’s Republic of Bangladesh. Dhaka covers 306.4 square kilometers on the north of the Buringana River. Dhaka is the most populated city in Bangladesh, providing land to 21,005,860 people. Dhaka is the largest city not only in the country but also in South Asia.
Dhaka is known as the rickshaw capital of the world as it witnesses more than 400,000 cycles as well as motorized rickshaws daily on its road. Dhaka is home to the Dhaka stock exchange, a prime market in Bangladesh.
In the year 2011, the Dhaka City Corporation was branched off into Dhaka North City Corporation and Dhaka South City Corporation. Each of the city corporations was supervised by a directly elected mayor. The total area covered by the city was divided into several wards, with each ward electing their commissioner. Dhaka has several government organizations taking care of the city. But it is because the absence of coordination and centralization of powers leads to a chaotic situation.
Dhaka is the financial and business capital of Bangladesh although the major population of the city is employed in unorganized labor such as roadside vendors, stalls, small shops, peddlers and rickshaw transport.
In 2013 the unemployment rate was reported as 23%. The textile industry is the largest in the city, employing over 800,000 people.
Other industries include jute processing, manufacturing of chemicals, ceramics, electronics, leather goods, and pharmaceuticals.
In the last few years, growth has been especially strong in the finance, banking, manufacturing, telecommunications and services sectors, while tourism, hotels and restaurants continue as important elements of the Dhaka economy.
Dhaka’s infrastructure is unable to cope with the increase in population. The city features the absence of an organized road network and only 7 % of the land is covered by roads. In the city of 650 prime intersections, traffic light count is only 60. The government is planning to improve its infrastructure. It aims at building 5 metro rail lines, six flyovers, two bus routes, 3 ring roads and 1,200km of new roadways by the year 2035. In 1963 (DWASA) the Dhaka water supply and sewage authority were established. The authority aims at improving the dysfunctional water supply infrastructure in the city.