We propose a new unified evolution equation for parton distribution functio
ns appropriate for both large and small Bjorken variables x, which is an im
proved version of the Ciafaloni-Catani-Fiorani-Marchesini equation. In this
new equation the cancellation of soft divergences between virtual and real
gluon emissions is explicit without introducing infrared cutoffs and next-
to-leading contributions to the Sudakov resummation can be included systema
tically. It is shown that the new equation reduces to the Dokshitzer-Gribov
-Lipatov-Altarelli-Parisi equation at large x, to the Balitsky-Fadin-Kuraev
-Lipatov (BFKL) equation at small x, and to the modified BFKL equation with
a dependence on momentum transfer Q, if hard virtual gluon contributions a
re retained.