Imran Khan, Pakistan Tehreek-e-Insaf (PTI) Chairman and former cricketer, was sworn in as the 22nd Prime Minister of Pakistan on August 18, 2018. The oath-taking ceremony was administered by President Mamnoon Hussain at the President House in Islamabad.
Khan’s PTI party had won the general elections conducted in the nation in July 2018. However, his party had fallen short of getting full majority but it managed to scrape through a simple majority in the Pakistan parliament’s confidence vote, which was conducted on August 17.
India and the Asian Development Bank (ADB) on August 30, 2018 signed a USD 346 million loan agreement to finance improvement of over 400 kilometres of state highways under the KSHIP-lll Project.
The World Bank on August 23, 2018 launched ‘bond-i‘ (Blockchain Operated New Debt Instrument), the world’s first bond to be created, allocated, transferred and managed by using distributed ledger technology.
This two-year bond successfully raised 110 million Australian dollars (USD 80.48 million).
This was the first time that investors supported the World Bank’s development activities in a transaction that is fully managed using the blockchain technology from start to finish.
The NASA scientists, using data from the Chandrayaan-I spacecraft, on August 21, 2018 confirmed that there are frozen water deposits in the darkest and coolest parts of Moon’s Polar Regions. The findings were published in the journal Proceedings of the National Academy of Sciences (PNAS).
Indian scientist and academician NandulaRaghuram was on August 13, 2018 elected as the Chair of the International Nitrogen Initiative (INI), a global policy making initiative.
With this appointment, Raghuram becomes the first Indian and Asian to be elected to the Chair of INI. He will succeed Mark Sutton of the UK Centre for Ecology and Hydrology, Edinburgh.
US secretary of state, Mike Pompeo on August 16, 2018 announced the formation of the Iran Action Group (IAG) to coordinate and run the country’s policy towards Iran. The development follows President Donald Trump’s announcement of the unilateral withdrawal of the United States from the multinational Iran nuclear deal.
Pompeo has named Brian Hook, the State Department’s director of policy planning, as the group’s head.
Colorado Party’s Mario Abdo Benitez was sworn in on August 15, 2018 as the new President of Paraguay for a five-year term.
Benitez clinched the top spot after defeating his closest rival, Efrain Alegre from the liberal opposition alliance, by four percentage points in the nation’s elections, which were held in April 2018.
The United Nations on August 8, 2018 announced that UN Secretary-General Antonio Guterres has chosen former Chilean President Michelle Bachelet to be the UN’s new human rights chief. Bachelet would be succeeding Jordanian diplomat ZeidRa’adal-Hussein, who had been one of the most outspoken critics of abuses by the governments in many countries.
The World Bio-Fuel Day was observed across the world on August 10, 2018 with an aim to create awareness about non fossil-fuels (green fuels).
The day highlights the importance of non-fossil fuels as alternative to conventional fossil fuels and highlights the various efforts made by the Government in the bio-fuel sector.
The 11th edition of Global Innovation Index (GII) 2018 was launched in India on August 8, 2018. The index was based on the theme– ‘Energizing the World with Innovation’.
In this year’s edition of GII, India’s rank has jumped to 57 from 60 in 2017. In fact, India has been consistently climbing the GII ranking for the past three years. It was ranked 66th in the 2016 Global Innovation Index and 81st in 2015 GII.