What is the difference between paraphrasing and summarizing?

Paraphrased material is usually shorter than the original passage, taking a somewhat broader segment of the source and condensing it slightly. Summarizing involves putting the main idea(s) into your own words, including only the main point(s).
Paraphrase:

Putting a piece from a source text into your own words is known as paraphrasing. The source of a paraphrase must also be mentioned. The content that has been paraphrased is typically shorter than the original piece since it has been condensed.

Sometimes you need to paraphrase in order to make your point. It supports your writing and gives it more authority. You can utilize it to give your work more depth. We utilize paraphrasing; whenever the writing of another author must be utilized. When a text does not contain any quotations. We use paraphrases when the content is more important than the writing style or when we wish to make someone else's work easier.

Summarize:

In order to summarize, you must express the key idea(s) in your own words, focusing just on that one idea (s). Again, it is important to give credit to the original author of any summarized ideas. Summaries cover the entire text in a far less amount of time than the original.

When only the writer's main ideas need to be identified, summarizing is utilized.

Sometimes just a broad overview of the entire work is needed.

when it is necessary to simplify.

when only the most important aspects of the task need to be discussed.