According to sources, all activities of the party would remain suspended during the time period.
After the announcement, different trade organisations decided to close their businesses on Friday.
Signs of tension also prevailed in the city on Friday morning as incidents of aerial firing and torching of vehicles were reported from different areas of the city.
Public transport remained off the roads and people suffered in reaching to their destinations.
All petrol pumps and CNG stations had been shut down after the incident.
Meanwhile in London, police sources said that Farooq was found with head injuries and stab wounds in north London on Thursday.
Police said they were called to reports of a serious assault in the Edgware district of the British capital at 5:30 pm (1630 GMT). “Officers found an Asian man, aged 50, with stab wounds and head injuries.
Paramedics treated the man but he was pronounced dead at the scene at 6:37 pm (1737 GMT),” said a spokesman for London’s Metropolitan Police.
Next of kin have been informed and no arrests have been made, said the spokesman.—AFP