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The Employee Credit Card Agreement is essential for organizations in Pakistan that provide corporate credit cards to their employees for business-related expenses. This document becomes necessary when companies want to streamline their expense management process while maintaining control and compliance with Pakistani financial regulations. It establishes clear guidelines for card usage, sets out reporting requirements, and protects both the employer and employee by clearly defining responsibilities and limitations. The agreement must comply with State Bank of Pakistan regulations, relevant banking laws, and where applicable, Islamic banking principles. It's particularly important in the context of Pakistan's developing digital payment landscape and the increasing use of corporate cards for business transactions.

1. Parties: Identification of the employer/company and the employee/cardholder

2. Background: Context of the agreement, including the purpose of issuing corporate credit cards to employees

3. Definitions: Key terms used throughout the agreement including 'Credit Card', 'Credit Limit', 'Billing Cycle', 'Business Expenses', etc.

4. Card Issuance and Ownership: Clarification that the card remains company property and terms of issuance

5. Authorized Use: Specific purposes for which the card may be used and prohibited uses

6. Credit Limit: Specified credit limit and procedures for temporary or permanent limit changes

7. Employee Responsibilities: Detailed obligations including record-keeping, reporting, and expense submission procedures

8. Security Measures: Requirements for keeping the card and PIN secure

9. Expense Reporting: Procedures and deadlines for submitting expense reports and supporting documentation

10. Payment Terms: Payment responsibilities, including which party pays the bill and handling of unauthorized charges

11. Default and Consequences: What constitutes default and resulting consequences

12. Termination: Procedures for card cancellation upon employment termination or violation of agreement

13. Governing Law: Specification of Pakistani law as governing law and relevant jurisdictional details