It is the current local time right now in Asunción, Ciudad del Este, San Lorenzo, Capiatá, Lambaré and in all Paraguay’s cities. 
Paraguay’s time zone: -03 or UTC-03:00

Daylight saving time is in effect in Paraguay.
See recent and expected DST changes in Paraguay in the table below.
The next DST change is highlighted.
 

Change Type	Time and Date of DST Change	Time Change
DST started	Sunday, October 1, 2023 at 0:00Sunday, October 1, 2023 at 12:00 AM	The clocks were put forward an hour.
DST ends	Sunday, March 24, 2024 at 0:00Sunday, March 24, 2024 at 12:00 AM	The clocks will be put back an hour.
DST starts	Sunday, October 6, 2024 at 0:00Sunday, October 6, 2024 at 12:00 AM	The clocks will be put forward an hour.

Bolivia, Brazil, Argentina

Full name: Republic of Paraguay
Continent: South America
Region: South America
Population: 6,375,830
Area: 406,750 km²
Capital: Asunción
Currency: Guarani (PYG)
Phone code: 595
Domain: .py
Wikipedia article: Paraguay