Turn the Instant Pot on to SAUTE mode. Add the olive oil (or butter). If you are using vermicelli pasta, put it in a zip lock bag, seal it, and then break it up into small pieces. Once the oil or butter is hot, add the pasta and cook for 2-3 minutes, or until browned.
Next, add the rice and cook until it turns bright white, about 3-4 minutes.
Carefully pour in the broth along with the garlic powder, salt, pepper, onion powder, and paprika.
Place the lid on. Make sure the valve is switched to seal. Turn SAUTE off and select MANUAL mode (high pressure) for 3 minutes. Once cooked, allow the pressure to release naturally. This will take anywhere from 12-15 minutes
Open the lid and stir in the parsley. Let the rice sit for a few minutes before serving and enjoy!
Notes
To STORE your leftover Rice Pilaf, place it in an airtight container in the refrigerator; it will stay good for 4-5 days. To FREEZE it, store it in your freezer for about 2 months.To REHEAT, thaw it in the fridge if frozen, then warm it in the microwave or on the stove top, adding a little water or broth to keep it moist. Stir occasionally to ensure even heating.