No you don't. If you restrict flow into the pump, you run the risk of cavitation.
Restrict the flow out of the pump with a valve.
Or...use a variable speed drive (assuming the motor is 3 phase).
Restricting the pump does not cause an increase current draw in the motor. The power delivered is a product of head and flow rate. Reduce the flow rate, you reduce the power required by the impeller - thus the current drawn by the motor.
You will, initially see a rise in current as you start to increase head. But it will drop off when you go too far. You can't overload a pump by throttling it. In fact, the only way I can really think of is by either pumping a fluid that's viscous, or by running it too fast - but again, you'll need a VSD for that.