This article is from the Hanggliding and Paragliding FAQ, by Joao Geada with numerous contributions by others.
No. A Paraglider is similar to a modern, steerable skydiving
canopy, but different in several important ways. The Paraglider is a
foot-launched device, so there is no "drouge" 'chute or "slider", and
the construction is generally much lighter, as it doesn't have to
withstand the sudden shock of opening at high velocities. The
Paraglider usually has more cells and thinner risers than a parachute.