Dhaka, Feb. 28 -- The young student group in Bangladesh that stormed the uprising to oust former Prime Minister Sheikh Hasina in August last year, has now launched a new political party on Friday.

Nahid Islam, who recently resigned from Muhammad Yunus' interim government, is leading the National Citizen Party (NCP) and has promised to establish a "New Bangladesh".

Thousands of youth, mostly students, gathered at Manik Mia Avenue, south of the parliament building in the capital, Dhaka. Many of them were waving the national flag of Bangladesh and chanting the slogan "Inqilab Zindabad" (Long live revolution). NCP will be a liberal party, the leaders said.

"We want unity and equality," Nahid Islam, the leader of the party, said, with a red...