Dhaka, Aug. 31 -- The much-hyped Japanese Economic Zone project at Araihazar in Narayanganj is heading for another two-year extension, with the Chief Adviser's Office now seeking a second revision to complete the pending infrastructure works.

Approved in 2019 with a June 2023 deadline, the project aimed to attract $20 billion in foreign direct investment (FDI) and house over 300 Japanese companies.

As it could not be completed, the deadline was extended till June 2025.

Even the extended deadline has expired, and the project is still incomplete.

The Planning Commission's Industry and Energy Division recently convened a meeting of the Project Evaluation Committee (PEC) to review a proposal from the Chief Adviser's Office, officials said...