The party also named former state finance minister Tariq Hamid Karra as its candidate for the Srinagar Lok Sabha seat.
The announcement was made by PDP patron Mufti Mohammad Sayeed after a meeting of senior party leaders here, a spokesman of Peoples Democratic Party (PDP) said.
"The names of candidates for Baramulla and Ladakh constituencies are expected to be announced later," he said.
Mehbooba had represented the Anantnag constituency in 2004 Lok Sabha polls and won the seat. She is the only PDP leader to have entered the lower house of the Parliament.