Catching is pretty much the same, fighting, yes and now. Original Pokemon is round based with a specific battle screen, while Palworld is real-time on the overworld. Though, the latest Pokemon-Game has a mode where Pokemon can fight others in real-time in the overworld, without interaction of the player. And IIRC you can also catch Pokemon from the overworld directly or at least initiate a Player-controlled fight. So it's very similar to Palworld, but not exactly the same.