The1948 season of theParaguayan Primera División, the top category ofParaguayan football, was played by 10 teams. The national champions wereOlimpia.
| Pos | Team | Pld | W | D | L | GF | GA | GD | Pts |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Olimpia | 18 | 12 | 4 | 2 | 0 | 0 | 0 | 28 |
| 2 | Cerro Porteño | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | Sportivo Luqueño | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | Guaraní | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | Nacional | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | River Plate | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 7 | Libertad | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | Presidente Hayes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | Atlántida | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | Sol de América | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |