Two Path at Same Time

Is it possible to execute two path at a same time in a virtual controller. If so how to perform it.
In the shown program, I want to execute (Initialize) and (Path Pick Rot) at the same time

Do you mean a motion path? Then no. If you mean program execution, then maybe. And if you mean robot path and program execution (without any additional motion instructions), then yes.

I mean (Path Pick Rot) Contains Motion Instructions and (Initialize) contains I/O’s Actuation only…

So the first thing that I can suggest is look at instructions MoveLSync, MoveJSync. Also, maybe just reorder your programming, MoveL\Conc optional argument, without a fine point, will have the behavior of the robot moving while the read ahead is perfoming the IO instructions on the fly.