The mega event that begins on September 18, is spread across four weeks, will get over on October 7, 2012.
Akram felt the team has the right balance and there are match-winners in Imran Nazir and Abdur Razzaq which makes one feel Pakistan are title favourites, and urges not to take Pakistan lightly.
"Pakistan are favourites. Players like Imran Nazir and Abdur Razzaq have the ability to turn a match on its head and there is no reason why Pakistan can't do well. They also have a very good chance against Australia in the upcoming series in the UAE," said Akram.
Akram feels Pakistan is definitely capable of winning the title this year, but also urged them to adopt an aggressive approach after their series against Lanka.
"At times, I thought I was watching a Test match. They need to maintain a strike-rate of over 130 and a boundary should be followed by singles to keep the scoreboard moving. Their approach needs to become more adventurous if they want more success in the format," he said.
When asked if he was interested in taking up coaching as a full-time option and said he is happy with the current commitments.
"I am enjoying life and have to give time to my children. Between my commitments with the KKR and television commentary, I really don't have much time left for full-time commitments," he said.
"But during a meeting with PCB official Intikhab Alam, I informed him that I am available in November and want to hold a camp for young fast bowlers in Karachi. I am keen to work with under-19 and Pakistan 'A' team players," he added.