Judge Baqir Rana, who is conducting the trial of seven suspects booked under the Anti-Terrorism Act, denied bail to Younas Anjum on Oct 5.
The court noted that it had already declined bail to another suspect named Jamil Ahmed.
Anjum, a resident of Khaniwal in the south of Punjab province, claimed in his bail application that he was implicated in the Mumbai attacks case.
He also claimed he was a poor milkman with eight children and therefore did not have resources to finance the terrorists involved in the attacks.
The other suspects are LeT operations commander Zakiur Rehman Lakhvi, Zarar Shah, Abu al-Qama, Hamad Amin Sadiq and Shahid Jameel Riaz. The next hearing of the case is scheduled for Oct 10.