The MQM operates from the modest residence of party chief Altaf Hussain, and its adjoining buildings. The complex, known as Nine-Zero, has narrow, heavily guarded lanes that served as Mr Hussain's base until he went into exile.
For die-hard loyalists, many of whom were seen weeping after the raid, the sanctity of the neighbourhood has been violated. For critics of the party, however, Nine-Zero remains a no-go area from where the MQM has used the fear of guns and bullets to control this city of 20 million.
In the past, security forces have regarded the MQM as a force capable of turning Karachi into a war zone. But over the years things have changed.
Having spent more than a decade in government, the MQM is seen as weaker and somewhat directionless today. Its leader is under pressure from the British authorities as he faces a series of allegations, including money-laundering. He is also said to be suffering from health problems.
On the ground in Karachi, the MQM's muscle may be intact but it is believed that the army is managing to persuade the party to move away from its violent past.
After Wednesday's early morning raid, supporters and activists gathered outside the MQM headquarters and party leaders called for a nationwide strike.
Speaking to Pakistan's Geo News, senior MQM figure Farooq Sattar said the operation was "inappropriate and beyond understanding".
"MQM has itself always maintained its policy of zero tolerance against crime and terrorism, and it has always offered to co-operate," he said.
Party workers were rounded up by Pakistani police outside the headquarters
A party worker was shot dead during the raid, though it is unclear who fired the shot
Security forces said they suspected some of the weapons were from a missing Nato container
The MQM said paramilitary rangers had detained a number of its leaders including Amir Khan, a member of its central co-ordination committee.
Col Tahir told local media Mr Khan had not been arrested, but was being held for questioning to explain "the presence of criminal elements".
The colonel said the cache of weapons recovered included illegal arms that "cannot even be imported into Pakistan".
"We suspect that these weapons may be those from missing Nato containers," he said.
Party officials said the weapons were held legally and accused the security officers of shooting dead a party worker.
Other accounts suggested the worker may have been killed by a stray bullet fired in the air by unknown gunmen.
The MQM has appealed for a national peaceful protest.
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