Air pollution is a major environmental concern in major cities around the world. The major causes of air pollution include rapid industrialization/urbanization and increased non environment-friendly energy production. This paper analyses the atmospheric pollutant such as carbon monoxide (CO) and particulate matter (PM) dispersion characteristics of Dhaka city. The yearly and diurnal variations of pollutant concentration are described by taking into consideration of both meteorological and emission source parameters highlighting washout effect due to rainfall and inversion phenomena. Concentration of PM (both PM2.5 and PM10) and CO in the ambient air are measured for a period of one year with Airmetric Minivol air samplers and Gas Chromatographic (GC) technique, respectively. The trend over the year shows an increase in the monthly average hourly PM and CO concentrations in winter months (November to March) when both PM10 and PM2.5 annual average concentrations (about 130 and 95 μg m−3, respectively) exhibit levels exceeding World Health Organization (WHO) guidelines as well as exceed more than twice the national standards of annual PM10 (50 μg m−3) and PM2.5 (15 μg m−3) concentrations. Such high pollutant concentrations may have significant health implications for residents of Dhaka city. It is also found that the PM concentration increases with the increase of wind speed during dry winter season and is also influenced by transboundary air pollution. The data and subsequent recommendations can be useful in formulating air quality management strategies for the Dhaka city.