The requisition status could be one of the following;
1= Created
2 = Pending for Final Approval
3 = Rejected
4 = Pending Transfer To PO
5 = Transferred To PO
6 = Voided
Therefore, the status you mention is (Pending for Final Approval) which means that the requisition still need to get a final approval from a user who has the "Final Approval" privilege. Once the final approval is submitted, the requisition will be transformed into the Purchasing Portal. One further step to proceed is to migrate the requisition into Purchase Order.
Further details can be found on the links below;
Business Portal Requisitions – Tables, and All Requisitions SQL View
Business Portal Requisitions - Approval Hierarchy