In this paper, a dual-wavelength narrow-linewidth fiber laser based on parity-time (PT) symmetry theory is proposed and experimentally demonstrated. The PT-symmetric filter system consists of two optical couplers (OCs), four polarization controllers (PCs), a polarization beam splitter (PBS), and cascaded fiber Bragg gratings (FBGs), enabling stable switchable dual-wavelength output and single longitudinal-mode (SLM) operation. The realization of single-frequency oscillation requires precise tuning of the PCs to match gain, loss, and coupling coefficients to ensure that the PT-broken phase occurs. During single-wavelength operation at 1548.71 nm (λ1) over a 60-min period, power and wavelength fluctuations were observed to be 0.94 dB and 0.01 nm, respectively, while for the other wavelength at 1550.91 nm (λ2), fluctuations were measured at 0.76 dB and 0.01 nm. The linewidths of each wavelength were 1.01 kHz and 0.89 kHz, with a relative intensity noise (RIN) lower than −117 dB/Hz. Under dual-wavelength operation, the maximum wavelength fluctuations for λ1 and λ2 were 0.03 nm and 0.01 nm, respectively, with maximum power fluctuations of 3.23 dB and 2.38 dB. The SLM laser source is suitable for applications in long-distance fiber-optic sensing and coherent LiDAR detection.