In this report, we have developed a sustainable protocol for the synthesis of aromatic esters by a carbonylative method using di‐μ‐chlorobis [5‐hydroxy‐2‐[1‐(hydroxyimino‐ĸN) ethyl] phenyl‐ĸC] palladium (II) dimer (1) catalyst in PEG‐400 as a greener and recyclable solvent. The reaction is carried out at room temperature using CO in a balloon. Good to excellent yield of various esters can be synthesize using this protocol. Direct insertion of CO moiety leads to the high atom and step economy. Compared to previous protocol this phosphine free approach for the synthesis of aromatic esters provides high Turnover Number (TON) and Turnover Frequency (TOF). Developed approach has an alternative route for use of conventional palladium precursor with high conversion and selectivity. The catalyst system and product can easily be separated using diethyl ether as a solvent. The Pd/PEG‐400 system could be reused up to a fifth consecutive cycle without any loss of its activity and selectivity.