Insert the liner into the Instant Pot then press the 'saute' button, and let it heat up. Add the oil, onions, and garlic. Let it cook for 2-3 minutes, stirring often, then hit the 'cancel' button.
2 tbsp extra virgin olive oil, 1/2 yellow onion, 1 heaping tbsp minced garlic
Pour the broth and water into the hot pot, and use a sturdy spoon to scrape off any brown bits stuck on the bottom of the pot to deglaze it.
2 cups chicken broth
Add the seasonings to the pot and stir to evenly combine them with the liquid mixture. Add the rice, again stirring to evenly combine. Stir in the tomato sauce.
2 cups basmati rice, 1 1/2 tsp salt, 1 tsp chili powder, 1 tsp smoked paprika, 1/2 tsp cumin, 1/2 tsp dried oregano, 1/2 cup plain tomato paste
Close the lid, set the vent valve to the sealed position, and pressure cook on 'manual' for 4 minutes.
When done cooking let the pot rest and naturally release pressure for 15 minutes. Carefully open the vent valve to release any remaining trapped steam.
Stir to fluff the rice. Add the butter and cilantro then gently stir to incorporate being careful not to 'break' the rice.
1 tbsp butter, freshly chopped cilantro leaves
Serve warm & enjoy!