Written by Hamza Shahnawaz in Budget 2026-27, Taxation Advisor says NTOM will transform FBR into a data-driven, technology-enabled and transparent tax administration MURREE: The Advisor to the Federal Minister for Finance and Revenue has unveiled the New Tax Operating Model (NTOM), describing it as a landmark reform that will modernise Pakistan’s tax administration through digitalisation, data analytics and risk-based compliance. Addressing the four-day National Tax Seminar, jointly organised by the Pakistan Tax Bar Association (PTBA) and the Lahore Tax Bar Association (LTBA) in Murree, the advisor outlined Pakistan’s improving macroeconomic outlook, the government’s structural reform agenda, priorities of the FY2026-27 Budget, and the implementation of the NTOM. He said Pakistan has made significant progress in restoring macroeconomic stability through prudent fiscal management and the implementation of key structural reforms. According to the advisor, stronger fiscal discipline, improved debt management, rebuilding external financial buffers and renewed investor confidence have enabled the country to move beyond economic stabilisation towards sustainable, private sector-led growth. Government highlights economic reforms The advisor said the government’s reform programme has received international recognition through improved sovereign credit ratings, successful reviews under the International Monetary Fund (IMF) programme, renewed access to international capital markets, growing investor confidence and favourable assessments from global financial institutions. He added that these developments reflect the government’s commitment to strengthening Pakistan’s economic fundamentals while creating a stable environment for investment and long-term growth. FY2026-27 Budget focuses on growth Highlighting the federal budget for FY2026-27, the advisor described it as a balanced, responsible and growth-oriented financial plan aimed at encouraging investment, boosting exports, supporting industrial development and creating employment opportunities while maintaining fiscal discipline. He said the budget provides meaningful tax relief for the salaried class and…