Select sauté mode, heat half the oil and quickly brown the beef in batches, remove and set aside.
Add remaining oil and sauté the onion and peppers until soft (about 5 minutes), switch off and quickly stir in the garlic, followed by the caraway seed and paprika.
Add the beef stock and thoroughly deglaze the pot.
Add in the rest of the ingredients and stir to combine. Cover the pot, seal, select the pressure cook setting and set the time to 25 minutes.
Allow for a natural release of 10 mins and then perform a quick release.