It’s official that Google Page Rank updated on 3rd of May 2012. This the second time in this year when Google has update its PR.
Let’s understand why Google PR is important for any website. Whether you are a business owner or from corporate level, Google Page Rank does matter. Google page rank indicates the importance of a website, for example if a website has 0 page rank that means this website doesn’t have any importance where as if a website has 7 page rank that means this website has importance value.
You can also read other Google Page Rank Updates on Jan 2011.