the pink color is due to Mn 7+ ions formed.
The following is the balanced redox equation
2Mn2+ + 5PbO2 + 4H+ → 2MnO4- + 5Pb2+ + 2H2O in which the MnO4- ion have the charge 7+.
x-(4*-2)=-1
x=-1+8 =+7.
increase in oxidation number from +2 to +7 shows that Mn2+gets oxidised toget the color