sancho
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Considering current JF-17 is not far off from the gripen c/d then it's not impossible to imagine for block III to be close to Ng/E.
That depends on what you mean with it's not far from the Gripen? Both a light class 4th gen fighters and with the Block 2 JF 17 will get IFR capability too, techs are broadly comarable too, but then it ends.
The Gripen C comes with better maneuverabitly, more speed, HMS, HOBS missiles and now even will get METEOR at first. It's materials, coatings and design will give it a clear advantage in RCS too. It has a dedicated pod station, which gives it advantages in LGB strikes too.
The E upgrade puts the Gripen on a whole new level, be it the new payload, or fuel capabilities, the repositioner AESA, advanced EW..., which will give JF 17 Block 3 more than just a few things to catch up. It might be technically in the same generation, the performance of both fighters however might be pretty different at the end.