If your wallet or purse has been stolen or lost and Government documents such as your Driving Licence, PAN Card or so on was in it then, yes you should register an FIR. To get your Driving Licence or PAN card reissued this FIR will have to be submitted to the respective government authority.
The police may at times refuse to register an FIR for this and just give you a written confirmation that these documents were stolen/lost. But in any case, it is good to report the loss or theft to avoid any future hassles.
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