There has been constant furor over the declining and ineffective standard of bilingual education policy in Bangladesh. Experts have been arguing for imparting English and Bangla language education to the target groups in terms of need instead of imposing bilingualism to all citizens. This paper investigates and deals with the fundamental question of domain-specific bilingualism for Bangladeshis and shows how the country's present bilingual education system and language policy have been thwarting the formation of effective bilingual workforces. And subsequently the paper argues how both English and Bangla have turned out to be liabilities rather than assets for the Bangladeshi society while the creation of resource personnel for both intra- and international domains still remains a far cry.