The word 'pair' is a noun and a verb. The noun pair is a word
for two things that match or go together; the verb to match is to
join or connect to form a pair. Examples:
Noun: You guys are quite a pair.
Verb: We pair them by matching the colors.
The word 'pare' is a verb; a word for trimming by use of a knife
or clippers, to reduce the size or amount of something.
Examples:
You should pare the apple because Junior can choke on the
skins.
We have to pare the budget by twenty per cent.