All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad is His slave and Messenger. We ask Allaah to exalt his mention as well as that of his family and all his companions.
We do not know exactly what this name 'Parizaat' means, however, it is permissible to name a child by any name provided it does not contradict religion, like implying worshipping other than Allaah and the like. So before a Muslim names his child, he should be careful about the meaning of such a name.
Indeed a Muslim is not in need of other names to name his daughter since there are names of righteous women, like Maryam and the names of the wives of the Prophet and other females companions .
Allaah knows best.