"This paper has tried to find out whether newspapers in Bangladesh have any influence on policy formulation, revision and improvement in respect to investment climate. Reviewing two Bangla and two English newspapers for three fiscal years, we found that newspapers have strong interest in policy related issues. They have covered different important sectors with the policy perspective. But the relationship between newspapers’ role and policy direction is not very strong. Newspapers heavily emphasize informative news items since disseminating information is their primary objective, but policy related advocacy and analyses are still low in the newspapers." (Abstract)