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In the present work, in the presence of magnetic field and with slip boundary condition, squeezing flow of a Newtonian fluid in a porous medium between two large parallel plates is investigated. The governing equations are transformed to a single nonlinear boundary value problem. Daftardar Jafari Method (DJM) is used to solve the problem in order to obtain the velocity profile of the fluid. By using residual of the problem, the validity of solution is established. The velocity profile is argued through graphs for various values of parameters.