PSM resumes producing thin-profile products

KARACHI: Pakistan Steel Mills (PSM) has resumed production of its thin-profile coils and hot rolled products of 2-milimetre size, which are likely to boost its sales.

These products are used for making various forming sections, rims, pipes of various sizes, guard rails, etc.

The mill is also planning to make thin-profile products of up to 1.6mm size, said a press release.

Saudi Aramco signs $10bn credit deal

RIYADH: Saudi Aramco has signed a loan deal worth $10 billion (9.2bn euros) with 27 regional and international banks to maintain financial flexibility, the energy giant said on Monday.

The state-owned firm said the first loan is worth $7bn in US dollars while the second is a $3-billion Islamic loan in Saudi riyals in a revolving credit agreement. This means the cash will only be taken up when the company needs it.

Of the two loans, $2bn matures after one year while the remaining $8bn has a five-year maturity, Aramco said.—AFP

Amazon unveils move in local services

NEW YORK: US online giant Amazon said on Monday it was launching a services marketplace offering to connect consumers with businesses offering anything from home improvement to piano lessons.

Amazon Home Services, which is being launched in major cities across the United States, includes businesses in diverse areas such as gardening, computer repair, and math or yoga instruction.

Amazon said it will offer a “happiness guarantee” for all the services.

Published in Dawn, March 31st, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play