Greetings @AbuBadruddin1
As @ChristopherCounsell mentioned, the good ole ArcIfo interchange file (E00) is not compatible with ArcGIS Pro. However, whilst doing some digging, I found the following Community post, E00 files, and in there I found an interesting entry by @BarryNorthey dated 10-05-2022 05:18 AM, where he suggests downloading an ArcView GIS era 32 bit import utility and using it with Python. Alternatively and if you have them, you could use the Data Interoperability extension for ArcGIS Pro, or FME desktop. Please see Convert E00 to SHP
I hope the above is of help
Miguel