That means no payment callbacks have been received from Paypal. That is the problem.Checked the xf_user_upgrade_log table no entries .
...if there is no record of the transaction then make sure the payment completed (in your paypal account). Also check these things:
1) Make sure your board URL is correct:
Admin CP -> Home -> Options -> Basic Board Information -> Board URL
2) Note that the paypal callbacks don't work if your forum is behind a htaccess login.
Or it's possible Paypal simply failed to send the callback. That happens sometimes in which case you can manually upgrade the user in the Admin CP.