As far as the comparison between the Pakistan's bowling attack of '92 Squad with the present one is concerned, the present bowling line up is much better than the '92 one!!
In '92 Pak had 3 attacking bowlers in Akram,Aqib and Mushi, whereas currently Pak have 4 attacking bowler in Akram,Waqar,Akhter and Saqlain. While Akram might not be the bowler he was in '92 but still he's very effective, also Saqlain is a much better onedayer bowler than Mushtaq ever was.
To say that Akhter has just an edge over Aqib is not true, Akhter is a champion oneday bowler who on his day can rip apart any batting lineup including that of the great Aussies.Also if we look at the reserve bowlers, in '92 Pak had Waseem Haider and Iqbal Sikander (somone who were never heard of before and after the WC) while today Pak have Sami,Azhar Mahmood and Afridi!!!
Even if we look at the batting of '92 and '03, there is not much of a difference.In '92 Pakistan had 2 reliable batsmen in Javed and Imran, while Inzi was a young gun, today Inzamam and Youhanna are the back bone while Younis Khan is a capable batter.But i guess the problem with the present team lies with the openers. Rameez and A Sohail were good openers then, whereas today we have Anwar who is well past his best, Elahi who has a flawed technique and can't do much on bouncy pitches, and Afridi is someone who can't be taken seriously!