Shah was shot dead during aerial firing following the raid. The case was registered in the Azizabad police station in Karachi on Thursday.
Read: One dead, several injured as Rangers raid MQM headquarters
Rangers carried out a raid at Nine-Zero, the headquarters of the MQM in Karachi, on Wednesday, during which the party claimed that several leaders had been arrested and one worker had been killed.
Shah was a member of the MQM Central Information Committee.
Read: Profile: Waqas Ali Shah left home for Nine Zero, never to return
Funeral prayers
The funeral prayers of Waqas Shah were held at Jinnah ground. MQM leaders, including Haider Abbas Rizvi, Faisal Sabzwari and hundreds of party's workers were present at the funeral.
The MQM worker will be laid to rest at Shuhuda Graveyard in Yasinabad.
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