Recently Sony Has Announced the PS5 Event Reveal date. it was 5 June Before But due to the protest in America regarding Black Lives matter Sony has to cancel the event . so that’s why the event was cancelled .
But now Sony Has given the new date of the event which you can see below in the image .

Where to Watch The Event ?
You can Watch The Event On Sony Official youtube Channel Or Twitch channel of Sony . For Indian Viewers event timing will start from 1.30 am and for Pakistan viewers Time of the event is 1.00 am late night.
PS5 Specification :
CPU: AMD Zen 2-based CPU with 8 cores at 3.5GHz (variable frequency)
GPU: 10.28 TFLOPs, 36 CUs at 2.23GHz (variable frequency)
GPU architecture: Custom RDNA 2Memory interface: 16GB GDDR6 / 256-bitMemory
bandwidth: 448GB/sInternal storage:
Custom 825GB SSDIO throughput: 5.5GB/s (raw), typical 8-9GB/s (compressed)
Expandable storage: NVMe SSD slotExternal storage:
USB HDD support (PS4 games only)Optical drive: 4K UHD Blu-ray drive
Expected Price of PS5 ?
According to the rumors expected price of PS5 might be around 500 $ .