The story here is not that Pakistan knew about OBL's whereabouts (which has been known for a while), but that Hersh is reporting that Pakistan had OBL under house arrest and allowed the United States to kill him, with both government's covering this all up as a "daring nighttime raid." See the Vox article for more: http://www.vox.com/2015/5/11/8588333/sentences-hersh-bin-laden
NBC's more limited story seems to have better sourcing. Hersh's reporting on this is problematic:
http://www.politico.com/magazine/story/2015/05/seymour-hersh-bin-laden-story-117830.html?hp=t2_r#.VVHjxkuBBBU