KARACHI - Inland Freight Equalization Margin (IFEM) issue is expected to be tabled before Economic Coordination Committee in next meeting. According to the sources, the govt is serious to de-regulate local oil product prices as per the SC directives to rationalize oil pricing mechanism. Thus, the issue of IFEM, a component which equalizes oil prices, is expected to be tabled before ECC. While on the turnover tax issue on oil marketing companies, the clarity is also expected regarding whether they will be charged with higher turnover tax of 1pc or not. The objective of this tax is to penalize those companies which incur losses at times by increasing their expenses should be brought within tax net. However, given the fact that OMCs operate at very low gross margin (2-3%), this tax on their turnover might be negative for their earnings, sources added.