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The global power paradigm is witnessing a major shift, from the West to the East, and China is emerging as a key player at the world scene. While Pak-China relations have always remained coordinal, new opportunities of enhanced cooperation at bilateral and beyond bilateral level are opening up with this global power shift. China can help Pakistan attain the latter's due role at forums such as SCO, can also play a role in normalizing Pak-India relations, and may offer substantial cooperation Vis-à-vis regional stability particularly with reference to Afghanistan. Pakistan, on its part, provides a secure and feasible corridor for China's momentous production sector and to meet its growing energy needs. The two time-tested partners can also cooperate closely at global forums. The article is a revised version of the concluding speech made at the last session of the three day conference “Pakistan China Relations: Bilateral and Beyond Bilateral Exchanges” organized by the Institute of Policy Studies in collaboration with Chinese and Pakistani academic institutions, on April 28–30, 2014. The session took place at the University of Management and Technology, Lahore on April 30.