Liaquat Merchant, the grandson of Pakistan's founder Muhammad Ali Jinnah, is a co-chairman of the group was expected to make a speech at the event.
Raghavan and all other guests had received invitation cards saying Sindh Club, which has existed since 1871, was going to host the event. The club authorities did not mention any reason as to why it refused to host Raghavan.
This move is likely a reaction to recent protest against Pakistan by Shiv Sena activists in India who forced to cancel Pakistan gazal maestro Ghulam Ali's concerts in Mumbai and Pune.
Observer Research Foundation chief Sudheendra Kulkarni's face was smeared by black paint by some Shiv Sena workers on Oct 12.
The attack came in the backdrop of Kulkarni's refusal to cancel an event of a book launch of former Pakistani foreign minister Khurshid Mahmud Kasuri in Mumbai over Shiv Sena's demand.
Shiv Sena workers protested at the Board of Control for Cricket in India's (BCCI) headquarters in Mumbai on October 19 after the Indian cricket board was set to hold talks with Pakistan Cricket Board (PCB) over bilateral cricket series.