Introduction: The 16th December is a red letter day in the history of Bangladesh. Pak army surrendered to the allied forces (freedom fighters and Indian forces) after nine months of bloody war and new Bangladesh came into being. It was our long felt and long desired victory. So 16th December is our victory day. It is the day of our great pride and jubilation. Historical background: The Liberation War of Bangladesh continued for about nine months only but it had the bitter history of discriminate policy for about more than two decades. In 1947 the then Pakistan came into being on the basis of communalism. Two parts of a state East Pakistan and West Pakistan remaining at more than one thousand miles always underwent the dissimilarity of language, culture and geographical climate. The people of these two Muslim dominated states were always at war with their rights and sharing of resources. Moreover, from the beginning of the birth of the two provinces the West Pakistani rulers began to treat the people of East Pakistan as second class citizens. State language issue became the first discord between the two states in 1952. The resources of East Pakistan began to be plundered by the Punjabi landlords, bureaucrats and military officers. Through general election of 1954 Martial law of 1958, Six Points demand of 1966, Public upsurge of 1969 the people of East Pakistan began to realize the hollowness of the state mechanism. Demand of regional autonomy began to rise, concept of East Pakistan nationalism came into being that resulted into language movement. President Field Marshal Ayub Khan named as Iron man was compelled to resign at the rise of public upsurge. The people of East Pakistan gave their mandate in favor of 6 point demand in the general election of 1970. But Awami League despite having absolute majority could not ascend to power due to Yahiya Bhuttu conspiracy. With the plea of discussion for transferring power General Yahiya began to collect arms and ammunitions from West Pakistan. Having taken all preparations Yahiya flew to Rawalpindi and signalled the order for Bangalee massacre. On the black night of 25th March Pakistani forces got down the streets of Dhaka to kill unarmed Bangalees. The great undisputed leader of is East Pakistan. Bangabandhu Sheikh Mujibur Rahman was arrested. On 26th March the then Major Ziaur Rahman called upon the Bangalees to join liberation struggle in favour of Bangabandhu Sheikh Mujibur Rabman. War of liberation started. After nine months of bloody war killing 30 lacs of people and oppressing 2 lacs of women the Commander-in-Chief of the Pakistani forces General A. K. Niazi signed the Surrender Deed at 4:30 p.m. at the Racecourse Maldan on 16th December, 1971. Victory day celebration: The victory day is celebrated with various activities and programmes of government and non-government organizations. This is a public holiday but the national flag is hoisted on the buildings of official installations, shopping centers and residential areas. Armed forces, BNCC, Rover Scout, Girl Guide and the students of schools and colleges gather for procession and parade. People of different religions pray for eternal peace of the departed martyrs in their respective shrines. Mezban is held in different places. Literary and cultural organizations hold discussion, seminar and cultural show to mark the day. Radio and television telecast different programmes. Newspapers publish special supplement on the importance of the day. Victory day and our expectation: The prime objective of our Liberation War is to make an exploitation-free democratic state. But it is a matter of great regret; our objective has not yet been fulfilled. Just after three years of liberation the architect of independent Bangladesh was brutally killed. The country came under martial law. In 1991 parliamentary democracy was established after autocratic regime. Bangladesh is experiencing a series of changes of politics, blusters of politicians but no sign of development is traced out till now. Conclusion: People of Bangladesh proved the fact, through their bloody struggle that freedom is the birth right of man. The aspirations of the martyred heroes will be achieved only when Bangladesh will enjoy economic freedom.