Sierra Wireless EM9293 not detected on PCIe under Jetson Orin Nano module

In our custom board using Jetson Orin Nano module, we have a PCIe port to connect the EM9293 modem. This works as expected in USB mode.
But when we follow the power up sequence for PCIe facing problem that it is not powering on or enumerated in PCIe.
What is the real problem here. Any one encountered such issue?

Here are some of the details,

Schematic:

GPIO Expander:
Pin  Label                     State
------------------------------------------------------------------------------------------
14   CELL_3.3V_RESET_N          HIGH        
15   CELL_DPR                   HIGH        
16   CELL_WIRELESS_DISABLE      LOW         
17   GPS_DISABLE                HIGH        
19   CELL_PCIe_CLKREQn          HIGH        
20   CELL_MODEM_OFFn            LOW         
24   CELL_PWR_ON                HIGH      
39   CELL_PWR_LOSS_ACKs         LOW 
40   PCIEorUSB_SELECT           HIGH

Here is the power up sequence:

Step #1:
    Drive PCIEorUSB_SELECT: Low and hold (For PCIe mode)

Step #2:
    Drive CELL_PWR_ON: Low and hold 

Step #3: After 100ms
    Drive CELL_MODULE_OFFn: High after 100ms and hold

Step #4:  = After 300ms (from Step #1)
    Drive modem PERST# High and hold (This is connected to the Jetson SFIO PERST# Pin) 
        -- This is where our problem is because Jetson drives this pin as soon as Step #1
    
Step #5:
    Drive CELL_WIRELESS_DISABLE Low and hold to enable Internal Cell Radio
    Drive CELL_3.3V_RESET_N High and hold to enable Cell Module

Device tree overlay:

/dts-v1/;
/plugin/;

/ {
    compatible = "nvidia,p3768-0000+p3767-0000", "nvidia,p3767-0003", "nvidia,tegra234";

    fragment@0 {
        target-path = "/bus@0/pcie@141e0000";
        __overlay__ {
            status = "okay";
            num-lanes = <0x01>;
            
            nvidia,enable-ext-refclk;
            nvidia,max-speed = <0x01>;
            nvidia,link-speed-retries = <0x14>; // 20
        };
    };
};

I saw other user can make it work by controlling pin 20