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In 11i (I gues it's the same for R12), search your requisition, then go to Tools > Control. A new screens pops up, and n the Actions box you should see a 'Cancel Requisition' option.
Hope it helps.
Yes , you can cancel the approved PR using control > Cancel Requisition. That I had tested in our TEST instance.
But, when we are going to cancel another approved PR in PROD instance, we are getting Error message : *" No Control actions found for this document "* .
There is no corresponding PO for this PR for your information.
Please guide me what should I have to do ?
The control actions that are visible depend on the Document Type definition. Go to Setup > Purchasing > Document Types and verify which are the options defined for Requisition. You can check the user's guide for more information: Chapter 2 > Document Security and Access.
What is the status of the PR in production?
If it is incomplete/ in process , you can not cancel it.
Hope this helps,