Farashganj is located near B.K Dash road, Ahsanullah Road and the Buriganga River in Old Dhaka. Farashganj bears the memory of the former French merchants in Dhaka city. The French East India Company started their business in Dhaka in the mid 17th century. They had built their "Kuthi" near the present Ahsan Manzil Palace.
French merchants opened businesses at Farashganj in 1740 with permission from Naeb-E-Najim Nouajish Muhammed Khan. The French settlement started with the seizure of the English Factory by the French in 1750. This, however, created a crisis, which was resolved by the intervention of Naib Nazim Jasarat Khan. The factory became known as Dhaka Factory, years before the fall of the last Muslim ruler of Bengal in 1757, but Farashganj continued to flourish. In the area, French merchants established wholesale trading posts for spices like raw turmeric, ginger, garlic and chilli. Apart from being the French area in Dhaka city, Nicky Pogoj was the first collector of Farashganj.[clarification needed]
Farashganj is known for a number of old and historic buildings. These include the Ruplal House built along the riverfront, the Mahalla Farashganj with its long gateway in which stands Bibi ka Rauza, the oldest Husaini Dalan in Dhaka, and the Farashganj Nil Kuthi (Indigo House). Loharpul bridge also located in Farashganj. It was a great engineering feat at that time. In 1832 the collector of Dhaka, Mr. Walter put up work for a single-span hanging bridge over the canal at Sutrapur (Farashganj) for facilitating passage from Dhaka to Narayanganj.
Dhaka city's population continues to grow and old Dhaka is seriously overcrowded. Farashganj is not alone in this problem. The streets of Farashganj are getting narrow. There are almost constant traffic jams. Ruplal House is now a storehouse of fruit. Loharpul or Bibi ka Rauza no longer exist in modern day Farashgonj and Nil Kuthi is now used as a venue for wedding receptions.
- Majumdar, Dr. R.C., History of Ancient Bengal, First published 1971, Reprint 2005, Tulshi Prakashani, Kolkata, ISBN 81-89118-01-3
- Mamun,Muntasir., Dhaka;Smriti Bisritir Nogori, First published June 1993,Reprint January 2004, Anannya Prakashani,Dhaka,, ISBN 984-412-104-3