Pakistan International Container Terminal Limited has announced a change in its top management amid an ongoing acquisition process involving a majority stake in the company.
According to a disclosure submitted to the Pakistan Stock Exchange on May 7, 2026, the company’s Board of Directors accepted the resignation of Ms. Lirene Coloquio Mora Suarez from the office of Chief Executive Officer with immediate effect.
The board has appointed Mr. Muhammad Anjum Naseem, currently serving as Director and Chief Operating Officer, as interim Chief Executive Officer until a permanent replacement is finalized and corporate formalities are completed.
The company also acknowledged the contributions made by Ms. Suarez during her tenure as CEO.
The management change comes days after Sea Link Group moved to acquire control of PICT through a combination of direct share purchases and a public offer. Recent disclosures showed that the acquiring group aims to secure at least 83.41 percent ownership in the company, including nearly 79.71 percent through offshore holding structures and another 8.43 percent through a public offer to minority shareholders.
The acquisition involves the purchase of offshore entities linked to Philippines based port operator ICTSI, which currently controls PICT through subsidiaries including Innovest Mauritius Limited and Aeolina Investments.
