History of Dhaka across Bangladesh. A real estate boom has followed the development of new settlements such as Gulshan, Banani and Motijheel. In 1985, Dhaka hosted the inaugural summit of the South Asian Association for Regional Cooperation. It has also hosted the summits of the D8 group and the Organisation of the Islamic Conference. In 1983 City Corporation was created to govern Dhaka and its population reached 3,440,147 and it covered an area of 400 square kilometres. The city was divided into 75 wards. Under new act in 1993 the first election was held in 1994 and Mohammad Hanif became the first elected
Dhaka one of the busiest river ports in the world. The Port of Pangaon has been developed to cater to ocean-going vessels from the Bay of Bengal. Dhaka hosts the headquarters of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. The city, in combination with localities forming the wider metropolitan area, is home to over 15 million . The population is growing by an estimated 4.2% per year, one of the highest rates amongst the Asian cities. The continuing growth reflects ongoing migration from rural areas to the Dhaka urban region, which accounted for 60% of the city's