Fazlur Rahman, chairman and managing director of City Group, one of the leading commodity importers and processors, is no more.  

He breathed his last at United Hospital at around 4 am today, said Biswajit Saha, director of corporate and regulatory affairs at the City Group.  

Rahman was 77.   

He will be laid to rest at Zurain graveyard after a funeral prayer at Gendaria Dhupkhola playground in Old Dhaka at 4 pm, said Saha.  

Rahman built an empire of 40 companies, over the last five decades with businesses ranging from flour, sugar, edible oil, feed and rice milling. City Group has three economic zones and one hi-tech park.  

With a turnover of about Tk 35,000 crore a year, City Group has employed around 30,000 people under the leadership of Rahman, according to Saha.   

"He was a self-made man," said Saha who has been working with Rahman for the last 28 years. 

Tipu Munshi, commerce minister, and Mahbubul Alam, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), have expressed their condolences over the death of eminent industrialist and City Group chairman and managing director Fazlur Rahman.

In a press release, the commerce minister said that people will remember Rahman's contribution to the development of Bangladesh's industrial sector and the economy.

"Fazlur Rahman worked tirelessly throughout his life to build an industrially rich Bangladesh and was uncompromising when it comes to maintaining the quality of products produced by his companies," he said.

In a separate statement, FBCCI chief Alam sought forgiveness for the departed soul.