Is ban on MQM looming?

Is ban on MQM looming? Recent news updates about MQM show that government is firm and is taking strict actions following Altaf Hussain's speech against Pakistan and it appears that Farooq Sattar's press conference didn't do much about damage control intended to cool off the tension.
It is premature to say that the Federal government will go ahead with the bold decision of banning MQM from taking part in politics or even using the name of the party in future as the existing party's setup seems willing to distance itself from London Rabta Committee.