Yes. The pc value can be changed through the debugger shell. In order to change the pc value through the debugger shell follow steps below in debug perspective:
The Debugger Shell window appears docked to the lower right hand side of debug perspective.
The present value of pc is displayed.
This command changes pc value to 0x10000000.
The current value of pc is displayed; which in this case should be PC=0x10000000.