"I agree with what the critics are saying about our cricket. There are many problem areas but now we have to be patient and wait for things to turn around," Waqar said in an interview to Geo News channel in Dhaka.
The former fast bowler said that there was no turning back for Pakistan cricket now.
"We have new players and we are building a new team now under a new captain, so everyone will have to be patient. It is not going to be easy but going back will only hurt our cricket more," he said.
The defeat has immensely upset Pakistani cricket fans and former players, given the history between the two countries.
"Look we have been playing the same sort of cricket for years now and we need to change the way we play our cricket. Our cricketing style is very defensive and it will take us time to get free from this mindset," he said.
"It is never going to be easy but if we want to move ahead then fitness has to be our first priority and we can't compromise on that."
The coach said Bangladesh had surprised Pakistan with the way they had played the two one-day matches.
"They have improve a lot their attitude and approach to one-day cricket and we must give them credit where it is due. But our team has just played poor cricket and we need to sort that out," said Waqar.
Pakistan is scheduled to play the third and the final ODI against Bangladesh tomorrow at the Sher-e-Bangla Stadium in Dhaka. The ODI series will be followed by a Twenty20 International and two Tests.
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