Thank you for all you support especially Rich and Juanito
1. I installed qt5 and built it.
2. set the path to qmake
3. installed pyqt5 using pip.
Interesting problem though - the X has stopped working.
I see following error -
failed in waitforX
NOTE: It was working before the QT5 installation as I know...
Once I have it working, will test if I can really have the qt5 UI working...
any ideas how to fix the above issue will help.