Normally when we pass the ball, we loose the control of current player and will have the control of another player. so is there any way that we can shoot the ball forward and then run to it. I mean two way dribling?

I've done that many times in "be a pro" with fast players like Ronaldo and messi. I simply pass the ball forward and will run to get it.

Or you can just tap it forward (when sprinting) use the right stick in the direction you're going..