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Dacca

KNOWLEDGE OF Dacca

Dhaka's history dates back to the year 1000, but the city achieved glory as the capital of Mughal Bengal. At that time, it was also known as Jahangir Nagar in honor of the Mughal Emperor Jahangir. The city passed to British rule in 1765. It became the capital of East Pakistan in 1947. In 1971, the city became capital of the newly independent country Bangladesh. It was formerly known under the spelling Dacca. Modern Dhaka has vastly outgrown the so-called Old Dkaka. Statistically, its population has grown to around 14 million during recent decades, due to a population shift from rural areas. Old Dhaka with its important port and various historical sites can still be found at the southern end of the sprawling and disorganised modern city.

The city is divided into ten parliamentary constituencies. Whichever party has won the parliamentary elections have also tended to win the majority of the seats inside the capital. Gulshan, Dhanmondi and Banani are the major residential neighborhoods. Motijheel is the major business district, containing the headquarters of most of the country's banks and corporate houses, as well as that of the central Bangladesh Bank, although many upscale businesses have recently relocated to Gulshan. Ramna contains the Secretariat, which houses most of the government ministries, the residences of senior Government officials, and is also the seat of the Supreme Court.

On August 17, 2005, the city was hit by a series of simultaneous explosions (part of approximately 500 explosions across the country), possibly set by terrorists. One Islamist group, Jamaat-ul-Mujahideen attempted to claim responsibility.

Bangladesh's largest city is the image of Bengali culture and diversity. There are many descendants of the millions who migrated from India in 1947, including a small community of Bihari Muslims.

The vast majority of the people are Muslims, but there are significant Hindu, Christian and Buddhist communities. Bengali is the most widely-spoken language, while English and Urdu are understood and spoken by some demographics.

Dhaka is also the commercial heart of Bangladesh, its gateway to the world. Dhaka's energy and communications infrastructure is the most modern available in the country, and it accounts for much of Bangladesh's net GDP growth. Most of Bangladesh's skilled workers and college graduates are employed in businesses and industries based in and around the Dhaka metropolitan area. The Dhaka Stock Exchange is the country's largest market.

Most of foreign trade and investment is conducted with companies based here. Dhaka has also led the country's rise in the global IT industry, with a massive expansion in wireless communications, and the proliferation of electronics across the population.

Since 1996, the Bangladeshi government has steadily moved away from socialism and adopted free-market reforms. Dhaka has been the recepient of the boom in foreign investment, service industries and information technology. Dhaka gives the lead to economic growth to the rest of the country.
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