The Parsi-Parlo site is currently being excavated for evidence of:

A lost city
Early agricultural practices
Trade routes
Ancient fortifications

The correct answer is: a) A lost city.

The Parsi-Parlo site is located in the Indus Valley, which was home to a number of ancient civilizations. The site is believed to be the remains of a lost city, and archaeologists are excavating it in order to learn more about its history and culture.

Early agricultural practices are also a possibility, as the Indus Valley was a major center of agriculture. However, there is no evidence to suggest that the Parsi-Parlo site was used for agricultural purposes.

Trade routes are also a possibility, as the Indus Valley was a major trade hub. However, there is no evidence to suggest that the Parsi-Parlo site was used for trade.

Ancient fortifications are also a possibility, as the Indus Valley was a region of conflict. However, there is no evidence to suggest that the Parsi-Parlo site was used for fortifications.

In conclusion, the correct answer is: a) A lost city.