Sea Link Group Limited has announced to acquire 83% shares, controlling stake in Pakistan International Container Terminal Limited (PICT).
The officials of Sea Link Group Limited have also submitted a notice to the Pakistan Stock Exchange (PSE).
The company said it intends to purchase at least 83.41% of shares in PICT.
This includes acquiring nearly 79.7% through agreements, along with an additional stake through a public offer, taking its total shareholding beyond the required threshold for control.
KTrade Securities has been appointed as the manager for the offer.
PICT, which operates at Karachi Port, is one of the country’s key container terminals, handling a significant share of import and export cargo.
The company was incorporated in 2002 and listed on the stock exchange the following year.
Its financial performance has varied in recent years.
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After a period of strong profitability earlier in the decade, the company has faced challenges linked to changing trade patterns and operational pressures.
Sea Link Group, incorporated in 2025, is a relatively new entrant in the logistics and shipping sector.
Despite its recent establishment, it is understood to have backing from Pakistani business interests.
Market data showed PICT shares trading at around Rs38.76 before the announcement, with some investor interest noted following the disclosure.
The proposed acquisition remains subject to regulatory approvals, including clearance from the Securities and Exchange Commission of Pakistan and the stock exchange.
The deal may not proceed if the required permissions are not granted.
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